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.

UnitedHealth Group revealed additional details about the compensation package for CEO Stephen Hemsley in a filing with the Securities and Exchange Commission. | UnitedHealth Group revealed additional details about the compensation package for CEO Stephen Hemsley in a filing with the Securities and Exchange Commission.

Stephen Hemsley is resuming duties as chief executive at health care giant UnitedHealth Group in a surprise transition as the company’s recent financial woes have intensified. Current CEO Andrew Witty stepped down for personal reasons,

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

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

Even UnitedHealth will struggle to overcome parasitic medical costs that Warren Buffett once called a tapeworm eating away at U.S. economic competitiveness. The $300 billion healthcare conglomerate reinstalled Chairman Stephen Hemsley as CEO and yanked its financial guidance.

UnitedHealth's stock has plunged nearly 40% year-to-date as the company has battled a series of crises. Can the healthcare giant turn it around? Seeking Alpha analysts weigh in.

As CEO for more than a decade, Stephen Hemsley built up UnitedHealth Group, now a $400 billion healthcare behemoth. With his return to the top job, the company will learn whether his playbook still works.