Elevance Health has announced a series of management changes intended to streamline decision-making and improve execution across its Carelon and Health Benefits divisions.
Mark Kaye, currently Executive Vice President and Chief Financial Officer, will take on expanded responsibilities that include oversight of Carelon. This division encompasses the company’s healthcare services operations such as pharmacy services, behavioral health, value-based care, and care delivery. The operating priorities and client commitments of Carelon remain unchanged under this new structure.
Felicia Norwood, Executive Vice President and Chief Health Benefits Officer, will now lead the consolidated Health Benefits organization. This move brings together Elevance Health’s major health benefits businesses and core operating functions under one accountable structure. The consolidation is aimed at improving coordination across commercial and government health benefits while supporting consistent operations across product development, operations, and growth initiatives.
Peter D. Haytaian will step down from his role as Executive Vice President and President of Carelon effective May 4, 2026. He cited a desire to spend more time with family as the reason for his transition. Haytaian will continue with Elevance Health as Special Advisor through December 31, 2026 to assist with leadership transition efforts.
“Over the last several years, we have continued to evolve how we operate to meet the changing needs of healthcare and deliver for our customers, members, and clients,” said Gail Boudreaux, President and Chief Executive Officer of Elevance Health. “These management changes support disciplined execution and help us move with greater clarity and coordination as we continue to scale. I also want to thank Pete for his leadership and his commitment to supporting a smooth transition.”
“I look forward to leading the Carelon team as we build on our strong foundation, deliver for clients and partners, and execute with discipline that supports sustainable growth and long-term value,” said Kaye.
Norwood stated: “Bringing Health Benefits together under a single accountable structure strengthens coordination and execution as we continue delivering for members and customers.”
Elevance Health serves approximately 104 million consumers through its portfolio of medical, pharmacy, behavioral health, clinical care solutions, home health services, and complex care offerings. According to its official website, Elevance Health operates in the health sector as a major player focused on enhancing well-being by addressing physical, behavioral, and social factors while simplifying healthcare access for communities. The company also promotes equity within its operations and community efforts, fosters innovation through comprehensive services and collaboration, reaches millions via affiliated health plans nationwide, and is recognized as a leading employer for veterans in the industry.
The company cautioned that these statements may contain forward-looking elements subject to risks or uncertainties detailed in their filings with U.S. regulators.
