Elevance Health CFO to retire; successor announced
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Elevance Health Chief Financial Officer and Executive Vice President John Gallina will retire later this year, the company announced Tuesday. The Indianapolis-based health care insurance provider has named Mark Kaye to the role.
Kaye will act as CFO Designate from Sept. 6 to Nov. 1, after which he will take full responsibility for the position. He comes from Moody’s Corp. in New York, where he was CFO for all global finance activities and also worked in finance leadership roles at MassMutual Life Insurance Company and Voya Financial.
Over Gallina’s over four-decade career, he spent 30 years with Elevance Health and was named CFO in 2016. Prior, he worked in half a dozen positions including senior vice president and CFO for the commercial and specialty business division.
Gallina will stay on board as a special advisor to the CEO to ensure a smooth transition, the company said.
“John has been a valued member of our organization who has successfully led our finance organization, navigated an ever-changing and dynamic healthcare landscape, and played an important role in our transformation to become a lifetime trusted health partner,” CEO Gail Boudreaux said in a news release. “John’s commitment to improve the health of the people and communities we serve is a testament to his career at Elevance Health and the driving force behind his dedication to guide the company through its cultural transformation.”
Elevance Health is the largest public company in the state with $156.6 billion in revenue in 2022 and 100,500 employees across the country, according to IBJ research.