John F. Rex is being replaced as CFO at UnitedHealth Group by Wayne S. DeVeydt, an external candidate, effective September 2. Rex will serve as a strategic advisor to the CEO, Stephen J. Hemsley. DeVeydt's extensive experience in operational improvement will be crucial, especially as UnitedHealth's stock has decreased over 50% over the past year. The leadership change follows disappointing Q2 2025 results that failed to meet Wall Street's expectations, causing investor unrest. UnitedHealth has been facing turmoil following executive resignations and shocking market reactions, leading to concerns about its future performance.
"Wayne S. DeVeydt brings experience in operational improvement and growth acceleration, which will be crucial as UnitedHealth's share price has dropped over 50% in the past year."
"The leadership change follows a troubling Q2 2025 where UnitedHealth's financial results did not meet Wall Street expectations, further unsettling investors."
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