Health insurance company Humana 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,” Humana stated. “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.”
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.