LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana Inc. (NYSE: HUM), one of the nation’s leading health and well-being companies, has named Sam Deshpande to the newly created position of Senior Vice President and Chief Risk Officer to oversee development of the company’s Chief Risk Office.
In this new, executive-level role, Deshpande will report directly to Humana President and CEO Bruce Broussard, and will serve as a member of Humana’s Management Team. Deshpande will set direction and establish policy in the areas of enterprise risk management and compliance, while building a risk strategy and a culture that manages risk appropriately.
Risk management and compliance have always been top priorities at Humana. Reaffirming this focus on risk and compliance with the addition of Deshpande will enable the company to establish a consistent definition of risk across the enterprise and drive connections and collaboration throughout the business to ensure timely, proactive discovery and faster mitigation of risks and their causes.
“Our business is multi-faceted and highly personal – it’s about people and their health,” said Broussard. “This requires a deep commitment to quality and to ensuring we’re running our business in a way that allows us to continually build trusting relationships with our many stakeholders – health plan members, health care provider partners, regulators, shareholders and associates.”
Deshpande joins Humana after an extensive external search, bringing 28 years of compliance, marketing and strategy experience to his new position. He comes to Humana from Capital One, a financial services company admired for their risk management practices and diversified asset base. Deshpande spent 17 years there in key leadership positions, most recently as Business Chief Risk Officer for the U.S. and international card business.
He previously served as the Business Chief Risk Officer and Head of Enterprise Services for the Financial Services Division, responsible for Business Risk, Data Science, Data Quality, Process Excellence and Project Management. He also led marketing and analysis for the Home Loans, Auto Finance, and Credit Card businesses, with responsibilities for business strategy, credit, product and marketing.
Prior to Capital One, Deshpande worked for Accenture and Booz & Company, leading client engagements for Fortune 500 companies in the consumer, high tech, automotive and aerospace industries.
He has a master’s degree in business administration, with a concentration in finance and business economics, from the University of Chicago, a master’s degree in aerospace engineering from Virginia Tech, and a bachelor’s degree from the Indian Institute of Technology in Kharagpur, India.
Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.
To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.
More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases and conference calls
- Calendar of events
- Corporate Governance information