UnitedHealth Group CEO Stephen Hemsley, who replaced Andrew Witty, said he has the right strategy in place “for the era ahead.”

UnitedHealth Group Inc. is giving Stephen Hemsley a one-time $60 million equity award on top of a $1 million base salary as he begins his second round as chief executive officer of the beleaguered insurer.

New UnitedHealth Chief Executive Stephen Hemsley will get a pay package worth $61 million, mostly in stock options that vest after three years, and which he could keep even if he steps down or is terminated sooner.