LOUISVILLE, Ky. (AP) — Humana Inc. Chairman Michael B. McCallister will retire from the health insurer's board of directors a year after he stepped down as CEO.
The Louisville, Ky., company said Monday that McCallister will retire from the board Dec. 31 and be replaced by Kurt J. Hilzinger, a lead director who has served on the board for nearly 10 years.
Humana is one of the nation's largest health insurers and the second-biggest provider of Medicare Advantage plans, which are privately run versions of the government's Medicare program for the elderly and disabled.
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Hilzinger was elected to Humana's board in July 2003 and became lead director in August 2010. He also has served as a director and executive with the prescription drug distributor AmerisourceBergen Corp.
Bruce Broussard replaced McCallister as Humana CEO on Jan. 1. McCallister had joined Humana in 1974 as a finance specialist after graduating from college. He was named CEO in 2000 and then added the title of chairman in 2010.
Humana shares closed at $99.91 on Friday, which put the stock up more than 45 percent so far this year.
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