Insurer Humana's longtime CEO Broussard to step down next year
© Reuters. FILE PHOTO: Signage for Humana Inc. is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly) CEO Bruce Broussard will step down in the second half of 2024 after more than a decade at the helm, the insurer said on Wednesday and named healthcare veteran Jim Rechtin as his successor.
He led Humana to become the second-largest provider of Medicare Advantage in the U.S. by tripling its membership for the government-backed program to more than 5 million customers. As part of a long-planned transition, Rechtin will first be appointed as president and chief operating officer from Jan. 8 next year, before taking over the mantle from Broussard.
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Humana CEO Broussard to step down next year after 11 years in the role, and stock slipsTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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