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UnitedHealth Group (NYSE:UNH) said on Wednesday that it has appointed Wayne S. DeVeydt as its CFO, who will be replacing the current CFO, John F. Rex, effective September 2.
This move comes months after former CEO, Andrew Witty, resigned and Stephen Hemsley was given the top job.
DeVeydt, aged 55, most recently served as an operating partner and managing director at Bain Capital.
On Tuesday, the managed care giant released a new outlook for 2025 that showed revenue and adjusted earnings below Street projections due to a significant rise in its medical costs.
Rex will become strategic advisor to the CEO on the September 2, UNH said.
The stock has fallen about 54% in the last six months.
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