UnitedHealth replaces CFO Rex in another management shake-up

Rex, who has been the company's CFO since 2016, will continue as a strategic adviser to the CEO, with the changes effective September 2. DeVeydt, 55, was most recently managing director and operating partner at Bain Capital, and was also the finance chief of UnitedHealth's rival Elevance, then called Anthem, between 2007 and 2016. DeVeydt will get an annual base salary of $1 million and other benefits such as equity awards and a $2 million life insurance policy, UnitedHealth said.