The chief executive officer (CEO) of Humana Inc. now has a likely successor.
Humana, Louisville, Ky. (NYSE:HUM), says Bruce Broussard will take over as president of the company in December.
Mike McCallister, who is now president, chairman and CEO, hopes to retire as CEO within about 18 months and hand the CEO title over to Broussard, the company says.
Humana directors have been thinking about appointing a president who would be part of the long-term succession planning process for more than a year, McCallister says in a statement about the move.
“Bruce Broussard brings significant CEO experience in the health industry to Humana along with superb operational and financial leadership skills,” McCallister says.
Broussard, 49, is the former CEO of US Oncology Inc., the Woodlands, Texas, a company acquired by McKesson Inc., San Francisco, in December 2010.
McCallister, 59, has been Humana’s CEO for 11 years.
Humana also is promoting James Murray, the chief operating officer (COO), to executive vice president and COO.