Sundar PichaiSundar Pichai earned $164M in 2023
U

Sir Andrew P. Witty

CEO of UnitedHealth Group

Education

B.A. from the University of Nottingham

Field of Expertise

Healthcare & Life Sciences - Pharmaceuticals

Born

January 22, 1966 - 59 years ago

Economy Sector

Healthcare

Current Tenure

4 years 0 months (Feb 2021 - Present)

Previous Experience

CEO of GlaxoSmithKline

Sir Andrew P. Witty is the CEO of UnitedHealth Group, one of the biggest healthcare companies globally. He took on this role in 2021 after successfully leading Optum, a key part of UnitedHealth. Before that, he was the CEO of...

Year

2023

Total Compensation

$4.30M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes aligning executive pay with long-term performance and shareholder value, with a significant portion of compensation tied to performance-based incentives.

Bonus

$1.80M

Board Justification

The annual cash incentive award was based on performance metrics including revenue, operating income, cash flow from operations, and employee engagement, with actual awards reflecting 60% of the target due to performance results.

Other

$0.00

Board Justification

Restricted Stock

$1.00M(22.81K Performance Shares)

Board Justification

The stock compensation awarded in 2023 consisted of performance shares that vested based on the achievement of long-term performance goals over a three-year period.

Performance Metrics

The performance metrics for 2023 included revenue growth, operating income growth, cash flow from operations, and employee engagement metrics.