After a year that has seen its share price collapse by more than 50%, UnitedHealth Group (UNH) has swapped out its chief financial officer. Wayne DeVeydt will take over as CFO of UnitedHealth effective Sept.

Wayne DeVeydt, 55, will take over as UnitedHealth CFO on Sept. 2, the company said, replacing John Rex, who had served in the job since 2016. Rex, 63, will become a strategic adviser to UnitedHealth CEO Stephen Hemsley at that time.

UnitedHealth Group announced yet another major executive move this week, with Chief Financial Officer John Rex set to step down next month. | UnitedHealth Group announced yet another major executive move this week,