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Tuesday, Feb 26
Humana (HUM -2.3%) says its CFO James Bloem will retire at the end of the year, prompting the...
Humana (HUM -2.3%) says its CFO James Bloem will retire at the end of the year, prompting the health insurer to launch an internal and external search for his successor. Jefferies says the move comes at a challenging time for the company, and Bloem's successor is stepping into a difficult role, which could raise some concerns. It's only been a year since Bruce Broussard took the reins as CEO, and with worries over lower Medicare Advantage rates next year, the announcement "adds more uncertainty to management's ability to navigate the rate headwinds," Jefferies says.