Humana Opens Search for New CFO as Brian Kane Resigns -- Update
23 March 2021 - 7:06AM
Dow Jones News
By Kristin Broughton and Michael Dabaie
Health insurer Humana Inc. is looking for a new chief financial
officer following the resignation of Brian Kane, who will step down
on June 1.
Mr. Kane is leaving to pursue other career goals, the
Louisville, Ky.-based company said on Monday, without providing
additional details. Mr. Kane will serve as an adviser through the
end of the year, the company said. He has been Humana's CFO since
2014.
Humana has begun searching for a new finance chief, the company
said.
Susan Diamond, president of the company's home business, will
act as interim finance chief until a successor is found. She joined
Humana in 2006 and has held several senior-level roles, including
on the company's Medicare team and overseeing enterprise planning
and forecasting.
"Given Susan's strong knowledge of our business and financial
expertise, I have great confidence in her ability to lead the
finance team as we recruit a new CFO," Bruce Broussard, Humana's
president and chief executive, said in a press release.
Mr. Kane, who previously worked in investment banking, led
Humana's finances during a period of industry consolidation. In
2017, the company abandoned a planned merger with Aetna Inc.,
following a federal judge's decision to block the deal on antitrust
grounds. Humana also expanded into the hospice and home healthcare
business, including through acquisitions in 2018 of Curo Health
Services and Kindred Healthcare Inc.
Net income in 2020 was $3.37 billion, up 24% from a year
earlier.
"We expect there will be plenty of interest from top industry
talent to interview for the seat," Scott Fidel, an analyst with
Stephens Inc., said in a research note to clients.
Write to Kristin Broughton at Kristin.Broughton@wsj.com and
Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 22, 2021 15:51 ET (19:51 GMT)
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