UnitedHealth Group names new lead director, forms public responsibility committee

UnitedHealth Group (NYSE: UNH) announced changes to its board structure, appointing F. William McNabb as lead independent director and establishing a new Public Responsibility Committee.

McNabb, who has served on the board since 2018, replaces Michele Hooper in the lead director role. Hooper will remain as a board member. McNabb previously served as chairman and chief executive officer of the Vanguard Group.

The newly formed Public Responsibility Committee will oversee financial, regulatory, and reputational risks affecting company operations. The committee's responsibilities include monitoring underwriting and forecasting, regulatory relationships, reputational matters, and mergers and acquisitions.

Michele Hooper will chair the Public Responsibility Committee, with Charles Baker, Timothy Flynn, and Paul Garcia serving as members. The committee will coordinate with other board committees on risk monitoring and oversight areas.

The company also restructured leadership of its four existing committees. Timothy Flynn will chair the Audit and Finance Committee, Paul Garcia will lead the Compensation and Human Resources Committee, Charles Baker will head the Governance Committee, and Valerie Montgomery Rice will chair the Health and Clinical Practice Policies Committee.

The information was provided in a company statement. UnitedHealth Group said the Public Responsibility Committee represents part of its commitment to responsibility, integrity, and performance governance.

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