Stephen Hemsley would get stock options after three years, in some cases even if he doesn’t stay that long

UnitedHealth Group CEO Stephen Hemsley, who replaced Andrew Witty, said he has the right strategy in place “for the era ahead.”

(Reuters) -UnitedHealth Group CEO Stephen Hemsley will get an annual base salary of $1 million and a one-time $60 million equity award as he returns to the top role at a tough time for the healthcare conglomerate.

UnitedHealthcare stock plunged again on Thursday after a new report in the WSJ said the company is facing a Medicare fraud probe.

UnitedHealth Group, the largest health insurer in the country, is turning back the clock in a moment of crisis. On Tuesday, the company announced that chairman Stephen Hemsley is returning as CEO, stepping back into the role he left in 2017.

Former CEO and current chairman Stephen Hemsley is stepping back into the top job following the abrupt resignation of Andrew Witty, UnitedHealth said.

Stephen Hemsley ran UnitedHealth Group for more than a decade. It's a different company after four years with Andrew Witty in charge.

UnitedHealth faces valuation reset amid CEO change, regulatory probes, and cost overruns. Click here for a full analysis of UNH stock.

Former UnitedHealth Group chief executive officer Stephen Hemsley to replace Andrew Witty. Here's what we know.

UnitedHealth is bringing back former CEO Stephen Hemsley, as the insurance giant faces spiraling costs and a criminal investigation into its Medicare billing.