Jim Rechtin, who was named Bruce Broussard’s successor at Humana Inc. (NYSE: HUM) in October of last year, will officially take over on July 1, the company announced Monday.
Rechtin joined Humana as president and COO in January, and will also join the board of directors on July 1 when he transitions to CEO.
“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,” Rechtin said in a statement. “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 health care while generating long-term shareholder value.”
Humana is one of the largest insurers in the country, and has about 6 million Medicare Advantage (MA) members underneath its health plans. In addition, Humana has its provider services arm CenterWell, which includes home health, pharmacy and primary care.
Broussard is responsible for Humana diving into home-based care services over the years, and, in turn, other insurers grabbing onto home-based care capabilities. He will exit the board of directors on July 1, but will remain a strategic advisor for the company into 2026.
Rechtin was formerly the president and CEO of Envision Healthcare. Prior to that, he was the president of UnitedHealth Group’s (NYSE: UNH) OptumCare. Before entering into the health care sector, he spent 14 years with Bain & Company.
“Since joining Humana, Jim has embedded himself in our business and quickly connected with our employees and customers,” Kurt Hilzinger, the chairman of the Humana board, said in a statement. “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.”
The CEO transition has been “long-planned,” Humana said in October and on Monday.
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