Cerner CEO David Feinberg, M.D., was elected to Humana's board of directors, news that comes on the heels of an investor-backed shakeup of the insurer's board.
Feinberg brings 25 years of healthcare executive experience to the role, Humana said in an announcement, including stints as the vice president of Google Health and as the CEO of Pennsylvania-based Geisinger Health System. Cerner tapped Feinberg as its CEO in August 2021.
Feinberg's election expands Humana's board to 14 members, the insurer said.
“David is a proven executive with tremendous experience in the healthcare industry, leading organizations focused on technology and digital innovation to improve clinical care,” said Humana Chairman of the Board Kurt Hilzinger in a statement.
RELATED: Golden parachute payouts worth $20M for Cerner's Feinberg, former CEO with proposed sale to Oracle
“His background, patient-centric mindset, operating experience and expertise in guiding systems transformations will benefit Humana as the Company continues to grow, innovate and execute on its strategy," Hilzinger said. "We are pleased to welcome David to the Humana Board and look forward to benefiting from his perspectives as the Company continues to improve the customer experience, reduce costs and deliver for its shareholders.”
Feinberg's addition comes just over a week after Humana unveiled plans for a board refreshment plan as part of an agreement with investor Starboard Value LP. As part of the agreement, Humana said it will appoint two independent directors mutually approved by the insurer and Starboard.
Humana also said one of its incumbent directors will not stand for re-election at its 2022 annual meeting and one will not stand for re-election in 2023.
“With these anticipated appointments, we will have added seven new independent directors over the last three years, continuing our planned transition considering the Company’s historical experience and necessary skills and capabilities to affect our strategy going forward," CEO Bruce Broussard said in a statement.
He said the company would focus on adding new board members with a "diverse mix of skills and experiences."