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Humana CEO to retire, new president tapped

Fri, 11/04/2011 - 7:45am
The Associated Press

Humana Inc. CEO Mike McCallister announced that he plans to retire within 18 months and the company has tapped Bruce D. Broussard as president of the Louisville-based firm.

The company said in a statement on Friday that Broussard would become CEO when McCallister steps down.

Broussard, 49, was CEO of McKesson Specialty Health, a subsidiary of McKesson Inc., a San Francisco-based health care company. McCallister, 59, is entering his 12th year as CEO and 38th year working for Humana.

In a statement, McCallister said the move has been under consideration for some time. McCallister also praised Broussard's experience and said he's Confident he will prove to be a leader that continues and enhances the success we've had over the past decade."

Shares of Humana fell $1.36 to $85.26 in midday trading.

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