Jim Rechtin to Assume Humana CEO Role Effective July 1, 2024
May 13 2024 - 4:30PM
Business Wire
Leading health insurer and health care services company Humana
Inc. (NYSE: HUM) announced today that Jim Rechtin will assume the
role of President and Chief Executive Officer effective July 1,
2024. As previously announced, Rechtin joined Humana as President
and Chief Operating Officer in January as part of a long-planned
CEO transition. Since then, he has worked in close partnership with
Humana’s current CEO, Bruce Broussard, and has immersed himself in
Humana’s operations to help shape the company’s future strategic
direction and make it easier for the millions of people Humana
serves to achieve their best health.
Broussard will resign from the Humana Board of Directors
effective July 1, 2024. He will serve as a strategic advisor to the
company into 2026, helping the company continue to navigate through
the current industry environment. Rechtin will join the Board
effective July 1, 2024.
“Since joining Humana, Jim has embedded himself in our business
and quickly connected with our employees and customers. He has
brought a collaborative, thoughtful and innovative leadership style
to our organization, and his extensive healthcare experience brings
new insights into Humana’s approach to integrated care. The
onboarding process has been progressing well, and the Board is
confident that Jim is ready to assume the CEO role on July 1 and
lead an exciting new chapter for the company,” said Kurt
Hilzinger, Chairman of the Humana Board.
“I am incredibly excited to be named CEO of Humana and humbled
to have the opportunity to lead 65,000 dedicated teammates as we
seek to provide better health outcomes at lower costs for our
members and customers,” said Rechtin, Humana President,
Chief Operating Officer and newly named Chief Executive Officer. “I
appreciate the trust and confidence shown to me by the Humana
Board, Bruce and the entire leadership team. As an enterprise, we
have tremendous growth prospects, driven by a differentiated value
proposition and attractive market fundamentals. I am committed to
innovating and improving our operations even further, finding
better ways of working and providing equitable access to high
quality healthcare while generating long-term shareholder
value.”
Prior to Humana, Rechtin was with Envision Healthcare where he
served as President and CEO. He has more than 22 years of
healthcare experience with a focus on the delivery of value-based
care in various medical group settings, including a deep
understanding of Medicare Advantage. Before joining Envision,
Rechtin served as President of OptumCare, part of UnitedHealth
Group. He also worked at DaVita Medical Group, which he joined in
2014 and played the dual roles of Senior Vice President of
Corporate Strategy and President of DaVita Medical Group’s
California market. He also spent 14 years with Bain & Company
working in the healthcare sector.
A Kentucky native, Rechtin started his career running operations
for a nonprofit health and human services clinic in Indianapolis,
Ind. and served in the United State Peace Corps in the Congo. He
received a Master of Business Administration from Harvard Business
School and a Bachelor Arts from DePauw University.
About Humana
Humana Inc. is committed to putting health first – for our
teammates, our customers, and our company. Through our Humana
insurance services, and our CenterWell health care services, we
make it easier for the millions of people we serve to achieve their
best health – delivering the care and service they need, when they
need it. These efforts are leading to a better quality of life for
people with Medicare, Medicaid, families, individuals, military
service personnel, and communities at large. Learn more about what
we offer at Humana.com and at CenterWell.com.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s website at humana.com,
including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases and conference calls
- Calendar of events
- Corporate Governance information.
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version on businesswire.com: https://www.businesswire.com/news/home/20240513532872/en/
Investors: Lisa Stoner - Humana Investor Relations; (502)
580-2652; lstamper@humana.com
Media: Mark Taylor - Humana Corporate Communications;
(317) 753-0345; MTaylor108@humana.com
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