After Tough 2024, Humana Picks New CFO With ‘Turnaround’ Experience
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Dec 06, 2024
Humana Inc. on Dec. 3 announced the hiring of a new chief financial officer, Celeste Mellet, who will replace Susan Diamond after she steps down on Jan. 11 after more than three years as CFO. While Mellet does not have a background in health care, she is an experienced financial executive who nonetheless faces a challenging situation as Humana struggles with high care utilization among its members.
Wells Fargo analysts wrote in a Dec. 3 note that Diamond “had expressed interest in transitioning out of the role” and added “while there is never a perfect time to make a CFO transition, [Humana] is pleased to have identified who it sees as the right fit.” Meanwhile, Raymond James analysts in a Dec. 3 note wrote that Diamond “appears to be stepping down voluntarily for personal reasons and was not forced out of the company” and that Humana had been looking for a new CFO for three months. Diamond, who has worked at Humana since 2006, will continue in an advisory role at the company through the end of next year.
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