Dec 3 (Reuters) - Humana Inc ( HUM ) said on Tuesday
that Chief Financial Officer Susan Diamond was stepping down and
Celeste Mellet would replace her, effective Jan. 11.
The CFO change comes as the health insurer struggles to
manage its medical costs related to its large business of
Medicare Advantage insurance plans, which led the company to
withdraw its 2025 profit forecast in April.
The insurer now forecasts its 2025 adjusted profit to be "at
least in line" with this year's results, which are expected to
be at least $16 per share.
Humana also replaced its CEO earlier this year, with Jim
Rechtin taking over from Bruce Broussard, who helmed the health
insurer for more than a decade.
Mellet currently serves as CFO of Global Infrastructure
Partners, an infrastructure fund manager recently acquired by
BlackRock, and has previously worked as CFO for Evercore and
Fannie Mae.
"She has a proven track record of working with
cross-functional teams to drive improved performance throughout
the complex organizations where she has served as a leader,"
Humana CEO Rechtin said in a statement.
Diamond, who is stepping down after 18 years with the health
insurer, will serve in an advisory role through the end of 2025
to ensure a smooth transition, Humana said.