By Nicholas G. Miller

United Health Group named Bain Capital executive Wayne DeVeydt its next chief financial officer, starting Sept. 2.

DeVeydt will replace John Rex, CFO since 2016, who will become strategic advisor to the CEO.

A managing director of Bain Capital's North America private equity portfolio group, DeVeydt was previously chief executive of the surgical services firm Surgery Partners.

DeVeydt will earn a base salary of $1 million with a target annual bonus of double his salary. He will also receive an annual stock award with a fair value of $10 million, a signing bonus of $1.2 million and a sign-on stock award worth $5 million, the company said.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.


(END) Dow Jones Newswires

07-31-25 1751ET