Brian Thompson, CEO of UnitedHealthcare’s insurance unit, was shot and killed outside a Hilton hotel in Midtown Manhattan.

The attack, described by police as targeted, occurred around 6:45 a.m. ET as Thompson was arriving for a company investor conference. Despite being rushed to a hospital, he was pronounced dead shortly after.

Authorities believe the shooter, who wore a mask and carried a gray backpack, had been lying in wait for Thompson. The suspect fled on foot before escaping on an electric bike.

Not random

New York City Police Commissioner Jessica Tisch indicated that this incident was not random but premeditated. The motive is still under investigation.

Thompson’s wife, Paulette, reported he had previously received threats. UnitedHealth, the largest U.S. health insurer, is facing scrutiny after a significant data breach earlier this year affecting healthcare services.

Witnesses noted the gunman targeted Thompson specifically, as he ignored other pedestrians. Local police confirmed Thompson was shot in the back and the suspect continued firing despite a malfunction in the weapon.

In light of the incident, UnitedHealthcare canceled the remainder of its investor conference and expressed condolences to Thompson’s family.