Shares of Humana Inc. (NYSE:HUM) dropped around 4% in pre-market trading on Tuesday after the healthcare insurer disclosed an upcoming leadership transition within its insurance division, even as it reiterated its full-year earnings outlook.
The Louisville-based company said George Renaudin, President of the Insurance Segment, plans to retire by the third quarter of 2026 after 29 years at Humana. Aaron Martin is set to join the company in January 2026 as President of Medicare Advantage and will later take over from Renaudin as Insurance Segment President.
Martin previously held the role of Vice President of Healthcare at Amazon, where he was responsible for strategic partnerships, marketing initiatives, and telehealth programs. As part of the transition, John Barger—currently President of Humana’s Medicaid and Dual Eligible businesses—will move into the role of President of Medicare Advantage once Martin steps into the Insurance Segment leadership position.
Alongside the announcement, Humana reaffirmed its fiscal 2025 guidance, projecting diluted earnings per share of roughly $12.26 and adjusted EPS of about $17.00. The adjusted figure is slightly below the current analyst consensus of $17.06 per share.
Renaudin is widely credited with building and expanding Humana’s Medicare Advantage and Medicaid franchises over nearly three decades with the company. Following his retirement, he will remain involved as a strategic advisor through at least the end of 2026 to support an orderly leadership handover.
Humana said the reorganization is intended to streamline leadership by bringing its Medicare Advantage operations under a single executive, with the goal of strengthening operational performance across the business.