Dive Brief:

Wayne DeVeydt is departing Centene’s board after being appointed the new chief financial officer for UnitedHealth, likely to prevent a conflict of interest as the two companies compete in a number of health insurance markets.

Veydt’s new contract prevents him from participating in any activity that competes with UnitedHealth, according to documents filed with the SEC. Such clauses are standard in senior executive contracts.

Centene, which disclosed the move on Monday , said it will reduce the number of directors on its board to 10 instead of replacing DeVeydt .

Dive Insight:

DeVeydt notified Centene of his resignation on Aug. 1, one day after UnitedHealth announced the executive would be joining the healthcare behemoth as its new CFO.

DeVeydt’s new contract with U

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