Brian Thompson, the CEO of UnitedHealthcare, was shot and killed by a masked man near a Midtown Manhattan hotel Wednesday morning, according to police sources.
The shooting, which was reported around 6:40 a.m., appears to be targeted but police do not know why, sources said.
Thompson was in New York City for an investors conference and his schedule was widely known, police sources said.
The conference was being held at the Hilton outside of which he was shot, but he was not staying there, sources said. The hotel is by the intersection of West 54th Street and Sixth Avenue.
“We are just so sad right now,” Elena Reveiz, the sister of Thompson’s wife, told ABC News by phone.
Reveiz said she was especially worried about Thompson’s two children and called the CEO a good father.
UnitedHealthcare’s parent company is UnitedHealth Group, the largest health insurer in the world.
Thompson lived in Minnesota, where the company is based.
“This is horrifying news and a terrible loss for the business and health care community in Minnesota,” Minnesota Gov. Tim Waltz tweeted. “Minnesota is sending our prayers to Brian’s family and the UnitedHealthcare team.”
The gunman, who was wearing a ski mask, fled down an alleyway near West 55th Street and remains at large, police said.
The suspect is described as a skinny man wearing all black who stands at about 6-foot-1, police said.
This is a developing story. Please check back for updates.
ABC News’ Miles Cohen contributed to this report.