Humana Names Susan Diamond as Chief Financial Officer

Rhea-AI Summary

Humana Inc. (NYSE: HUM) has appointed Susan Diamond as the permanent Chief Financial Officer, following her interim role. Diamond's extensive experience includes leadership in the Medicare segment and overseeing the significant acquisition of Kindred at Home for $5.7 billion, Humana's largest acquisition. This decision aligns with Humana's strategic focus on enhancing its home health business, a key component of its overall strategy. Additionally, a new Office of Home Solutions will be established to support this transformation, while a national search for a new Segment President will begin.

Positive

• Susan Diamond's permanent appointment as CFO enhances organizational stability.
• Successful acquisition of Kindred at Home for $5.7 billion strengthens Humana's market position.

Negative

• None.

Leading health and well-being company Humana Inc. (NYSE: HUM) today announced that Susan Diamond, currently serving as Humana’s interim Chief Financial Officer and Segment President for the Home Business, has transitioned to the permanent role of Chief Financial Officer, effective immediately.

“Susan is a seasoned and experienced financial executive with extensive knowledge of our business, including deep operating experience from her leadership of key areas of our Retail Business, and most recently, her leadership of our Home Business, growing it into the largest offering of its kind,” said Bruce D. Broussard, Humana’s President and Chief Executive Officer. “We have great confidence in her abilities and the contributions she will make in the next chapter for Humana as we execute on our strategic plan and deliver shareholder value. Given the strategic nature of the CFO role, Susan also will be able to continue to contribute in a meaningful way to our home health business, a key component of our overall company strategy.”

Diamond joined Humana in 2006 and has served in various leadership roles across the Company during her tenure. She spent eight years as part of the Medicare leadership team, with various financial, operational and line of business responsibilities. She also spent two years on the Finance team, leading enterprise planning and forecasting and overseeing the Company’s lines of business CFOs and controllers.

Most recently, Diamond led the acquisition of the remaining 60 percent interest in Kindred at Home valued at $5.7 billion, the largest acquisition in Humana’s history, as well as onehome, a provider and convener of home-based services and care and risk manager, to further accelerate the development of Humana’s value-based home health offering.

Before joining Humana, Diamond served as CFO for Smoothstone IP Communications and Prosperitas Investment Partners. She began her career with PricewaterhouseCoopers and holds a Bachelor’s Degree in Accounting from Bellarmine University (formerly College).

A new Office of Home Solutions, comprised of Diamond and other members of the Home Business leadership team, is being established to maintain focus and continuity on building a transformational, best-in-class, value-based home health business.

The Company will commence a national search for the next Segment President, Home Solutions, including both external and internal candidates. Greg Sheff, Senior Vice President, will serve as the interim leader for the organization while the search is conducted.

About Humana

Humana Inc. (NYSE: HUM) is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.

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

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005190/en/

FAQ

Who is the new Chief Financial Officer of Humana as of the recent press release?

Susan Diamond has been appointed as the permanent Chief Financial Officer of Humana.

What significant acquisition did Humana recently complete?

Humana recently acquired the remaining 60 percent interest in Kindred at Home for $5.7 billion.

What role will Susan Diamond continue to play at Humana?

Susan Diamond will continue to contribute to Humana's home health business strategy.

What is the strategic focus of Humana's new Office of Home Solutions?

The Office of Home Solutions will focus on building a value-based home health business.

What is Humana's stock symbol?

Humana's stock symbol is HUM.