Optum, a division of UnitedHealth, has appointed Ben Eklo as its new chief financial officer, replacing Roger Connor. Eklo, a seasoned finance executive with almost two decades of experience at UnitedHealth, will take on the role effective Nov. 1. This leadership change comes amidst a series of management shakeups within UnitedHealth, as the company navigates operational, regulatory, and public relations challenges.
Eklo’s appointment reflects UnitedHealth’s commitment to driving improved performance across the company. As CFO of Optum, Eklo will oversee the finances of a division that generates over $250 billion in annual revenue. Optum encompasses UnitedHealth’s pharmacy benefits business, provider network, data and technology assets, and more, making it a significant contributor to the company’s overall operating income.
UnitedHealth has been undergoing a period of transition, marked by executive changes and efforts to address investor concerns. Earlier this year, the company faced setbacks such as a cyberattack, the loss of a key executive, and rising medical costs in its insurance business. In response, UnitedHealth slashed its 2025 outlook, prompting CEO Andrew Witty to step down and Stephen Hemsley to take his place.
Hemsley, who now serves as CEO, has been proactive in reshaping the company’s leadership team. In addition to appointing Eklo as CFO of Optum, Hemsley has made changes to key positions in other divisions of the company. These efforts are aimed at restoring investor confidence and improving transparency and accountability within the organization.
Despite these changes, UnitedHealth’s stock performance has been volatile, with shares down more than 28% year to date. Shareholders remain cautious about the company’s future outlook, particularly with Hemsley holding multiple leadership roles within the organization. UnitedHealth is scheduled to report its third quarter earnings on Oct. 28, providing further insight into the company’s financial performance and strategic direction.
Overall, the appointment of Ben Eklo as CFO of Optum underscores UnitedHealth’s commitment to driving growth and operational excellence within its healthcare services division. As the company continues to navigate challenges and implement strategic initiatives, investors will be closely monitoring its performance and leadership decisions.
