By Colin Kellaher
Cigna Group's longtime leader, David Cordani, is retiring as chief executive of the health insurer later this year and handing the reins to Brian Evanko.
Cigna on Tuesday said Evanko, currently president and chief operating officer, will become CEO of the Bloomfield, Conn., company on July 1, while Cordani will become executive chairman.
Cordani, who joined Cigna in 1991, has been CEO since 2009 and chairman since 2022.
Evanko, 49 years old, joined the company in 1998 and become president and chief operating officer last March.
Cigna said Evanko will receive an annual base salary of $1.3 million as CEO, along with an annual bonus target of $2.6 million, adding that he will join the board on April 1,
Cigna also said Eric Foss, a board member since 2011, will succeed Eric Wiseman as lead independent director on April 1. Wiseman, a director since 2007, will remain on the board.
The company also reaffirmed its 2026 adjusted earnings forecast of at least $30.25 a share.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
03-03-26 0815ET
