Dive Brief:

UnitedHealth announced on Thursday it will replace its CFO , another significant executive change for the healthcare behemoth as it mounts a financial turnaround.

Wayne DeVeydt, most recently a managing director and operating partner at investment firm Bain Capital, will take up the CFO role on Sept. 2, according to a press release.

John Rex, the company’s CFO since 2016, will become a strategic advisor to CEO Stephen Hemsley, who returned to the top job in May after UnitedHealth’s previous CEO stepped down.

Dive Insight:

DeVeydt will take up the job at UnitedHealth, which includes the nation’s largest insurer as well as a major pharmacy benefit manager and large network of physicians, as the firm faces an array of challenges, including growing scrutiny over its busin

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