Humana said the expected date for Bruce D. Broussard to step down as Chief Executive Officer and for James A. Rechtin to become President and Chief Executive Officer is July 1, 2024. The transition was first announced on October 11, 2023.

1. 01

   Humana said the expected date for Bruce D. Broussard to step down as Chief Executive Officer and for James A. Rechtin to become President and Chief Executive Officer is July 1, 2024. The transition was first announced on October 11, 2023.

2. 02

   Under the agreement dated May 13, 2024, the company said Broussard will provide strategic advisory services after the Transition Date until March 1, 2025, and will then move to the variable staffing pool (temporary worker status) until March 1, 2026.

3. 03

   The company said that during the VSP Period, Broussard will not receive a salary and will be paid an hourly rate only for work performed for the company, not for The Humana Foundation. The company also said he will receive no additional compensation or benefits beyond continued vesting of equity, and will not receive severance benefits under the Executive Severance Policy.

4. 04

   The company said Broussard is expected to resign from the Board of Directors and Rechtin is expected to be elected to the board, both effective July 1, 2024. The press release said Rechtin has more than 22 years of healthcare experience and previously served as President and CEO of Envision Healthcare.

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Original filing

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