Cigna President and COO Brian Evanko will succeed CEO David Cordani as chief executive officer.
Photo: Courtesy of The Cigna Group
The Cigna Group has announced that David M. Cordani will retire as chief executive officer effective July 1.
Brian Evanko, current president and chief operating officer, will succeed Cordani as CEO.
Cordani will become executive chair of The Cigna Group's Board of Directors.
Evanko, who has been with the company for close to 30 years, has also served as CFO. He currently oversees the company's business portfolio across Cigna Healthcare and Evernorth Health Services, accelerating the use of data, technology and AI, the company said.
Cordani and Evanko will work closely during the transition period through July 1, when Evanko will assume the role of CEO.
Cordani has served as CEO for close to 17 years. During his tenure, Cordani expanded and shaped the portfolio from that of a traditional insurer, serving 46 million customers and generating $18 billion of annual revenue, to a global health company, serving 180 million customer relationships and growing annual revenue to $275 billion, according to Eric Wiseman, The Cigna Group's Lead Independent Director.
"As a result of this transformation, the company's total shareholder return increased by more than 750%," Wiseman said. "We are pleased that The Cigna Group will continue to benefit from David's insights and experience as Executive Chair."
Cordani said by statement, "Leading The Cigna Group has been the privilege of a lifetime. I am especially proud of how our team has worked to build a stronger future – not just for today, but for the next generation. By focusing on the customer, delivering value, and driving positive change, we are making a difference, one person at a time."
Cordani added, "Brian is an exceptional leader and the right person to guide The Cigna Group into its next chapter. The status quo in health care today is unsustainable. By leading from the front and making meaningful changes, we have delivered sustained impact for customers and strengthened the company strategically, operationally, and financially."
Evanko said, "As I assume this role, I am grateful to David for his mentorship and to our Board of Directors for their trust. Over my nearly 30 years with the company, I have seen firsthand the strength of our businesses, the talent of our team, and our deep commitment to serving customers and clients. I am excited to build on our strong foundation as we work to further modernize health care, expand our reach, and fuel growth."
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