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Humana Inc. (NYSE: HUM), one of the nation’s leading health and well-being companies, announced today that it has appointed Brian A. Kane as Senior Vice President and Chief Financial Officer effective June 2014. Kane will report to President and Chief Executive Officer Bruce Broussard and serve on the company’s Management Team, which sets strategic direction for the company.
Kane, age 41, brings extensive financial and strategic perspective to the CFO role, driven primarily by his significant investment banking experience at Goldman, Sachs & Co. working across several industries, including health insurance, financial institutions, real estate and consumer retail. He has also served as the lead financial advisor on many of the managed care industry’s most important strategic transactions.
“I am excited to have Brian joining our leadership team,” Broussard said. “He brings financial and strategic breadth that will nicely complement the operational depth of Steve McCulley.”
McCulley is currently serving as Interim Chief Financial Officer and will continue in his role as Chief Accounting Officer when Kane joins the company. He will also continue to serve on the company’s Management Team.
“I’d also like to thank Steve for his exceptional contributions throughout this interim period,” Broussard continued. “He has displayed the steady leadership, business acumen and deep commitment to Humana that we all recognize and value.”
“I look forward to working with Bruce, Steve and the entire Humana team,” Kane said. “Humana is an innovative company on strong financial footing with a keen sense of the multi-faceted benefits its focus on health has for all of its stakeholders. I was further impressed by the company’s long-term growth prospects and the caliber of the leadership team.”
Kane has spent nearly 17 years at Goldman, Sachs & Co. As a managing director, he was responsible for client relationships as well as for leading strategic and financing transactions for a number of companies in multiple industries. His health insurance work has included coverage of the national and government-focused managed care organizations, and he also has spent significant time in the property casualty and life insurance sectors. In addition to his extensive insurance experience, Kane also gained critical insight into the consumer retail world through his coverage of restaurant, consumer product and retail companies.