Summary
UnitedHealth Group Inc. (UNH) announced a significant addition to its Board of Directors with the election of Mr. Timothy P. Flynn, effective January 13, 2017. Mr. Flynn brings extensive experience from his prior leadership roles, including Chairman of KPMG International and Chairman and CEO of KPMG LLP in the U.S. His background in global professional services, particularly in audit and advisory, is expected to be a valuable asset to the company's governance. Mr. Flynn's appointment diversifies the board's expertise, especially in areas critical for a large, publicly traded healthcare company. Investors can view this as a positive step towards continued strong corporate oversight. He will be compensated according to the company's standard non-employee director program and will enter into the company's standard indemnification agreement.
Key Highlights
- 1Timothy P. Flynn elected as an independent director to the Board of Directors.
- 2Mr. Flynn's extensive background includes serving as Chairman of KPMG International and CEO of KPMG LLP (U.S.).
- 3His expertise is in global professional services, with a focus on audit, tax, and advisory services.
- 4Mr. Flynn brings a wealth of experience from previous board memberships, including JPMorgan Chase & Co., Alcoa, and Wal-Mart Stores, Inc.
- 5He will receive standard compensation for non-employee directors.
- 6The company will enter into its standard indemnification agreement with Mr. Flynn.