04:54 PM EDT, 05/13/2024 (MT Newswires) -- Humana (HUM) said late Monday that Jim Rechtin will take over as its president and chief executive officer from July 1, 2024.

The company had previously announced that Rechtin joined as president and chief operating officer in January as part of a "long-planned CEO transition."

The company said Bruce Broussard, the incumbent CEO, will also resign from the Humana board, effective July 1. He will serve as a strategic advisor to the company into 2026.

Rechtin will also join the board on July 1.

Price: 337.90, Change: -1.68, Percent Change: -0.49