Cigna Names Four Proven and Tenured Leaders to Executive Team
February 23 2017 - 10:16AM
Business Wire
Moves further emphasize focus on customer
engagement, local markets & value-based partnerships
CFO McCarthy to retire Summer 2017; Palmer
named successor
Cigna Corporation (NYSE: CI) has promoted three key leaders to
its enterprise leadership team (ELT) effective immediately. A
fourth executive will join the ELT later this year upon the
departure of current Chief Financial Officer (CFO) Thomas McCarthy,
whose retirement was also announced. The enterprise leadership team
reports directly to Cigna President and CEO David Cordani.
“These moves reflect thoughtful succession planning and bring
leaders who represent Cigna’s best qualities to our enterprise
leadership team, giving these seasoned executives the opportunity
to contribute to our success story in new ways,” said Cordani. “It
also serves as a testament to Cigna’s proven approach to leadership
development and succession.”
The new appointments announced today include:
- Christopher Hocevar, who joins
the ELT as President, Strategy, Segments and Solutions. For the
last several years Chris has successfully run Cigna’s Select
Segment and Pharmacy Benefits Management business. Prior to this
role, Chris served as the President of the U.S. Individual Segment
and as the Senior Vice President of U.S. Emerging Markets. Chris
has been with Cigna 14 years.
- Michael Triplett, who joins the
ELT as President, U.S. Markets. Mike was most recently the
President of the Regional Market Segment, focused on serving client
businesses with 251 to 5000 employees. Prior to his current
position, Mike was the President of Cigna’s East Region and before
that was President of Cigna’s Southeast Region. Mike has been with
Cigna 18 years.
- Alan Muney, who joins the ELT in
his continued role as Cigna's Chief Medical Officer and lead for
the company’s Total Health & Network operation. Prior to
joining Cigna he was Executive Director at The Blackstone Group
where he was CEO and founder of Equity Healthcare. Alan has been
with Cigna for seven years.
- Eric Palmer, who becomes Deputy
Chief Financial Officer, will join the ELT as Cigna’s CFO this
summer upon the retirement of current CFO Tom McCarthy. Eric
currently serves as Chief Financial Officer for Cigna's global
health, Cigna-HealthSpring, employer-based health care, group and
supplemental insurance businesses. Previously, he was the Business
Financial Officer for U.S. health care and U.S. commercial markets.
Eric has been with Cigna for 20 years.
Cigna also announced today that Chief Marketing Officer Lisa
Bacus, who leads Cigna’s global marketing organization and
serves on the ELT, will also assume responsibility for the
company’s U.S. service operations organization and take on the new
title of Chief Marketing and Customer Officer.
In addition, Matthew Manders will continue to serve on
the ELT and take on the new role of President, Government &
Individual Programs and Group Insurance, now focusing on four
critical businesses: Seniors (Cigna-HealthSpring), Individual and
Family Plans, Group Insurance and Care Allies. Matt has a strong
track record of building and growing businesses in his 30 years
with Cigna, and he will bring key operating expertise to the
businesses in our portfolio that can most benefit from his
leadership.
Thomas McCarthy was named Executive Vice President and
Chief Financial Officer for Cigna in July 2013. He has nearly 40
years of health care experience, including 33 years with Cigna. Tom
will retire from Cigna this summer.
The other members of the ELT continue in their existing roles:
Mark Boxer as Executive Vice President and global Chief Information
Officer; Nicole Jones as our General Counsel; John Murabito as
Executive Vice President, Human Resources and Services; and Jason
Sadler as President, International Markets.
“These additions to my leadership team bring greater focus as we
seek to bring increased value to our customers and clients,”
Cordani added. “These leaders have been responsible for a great
deal of our success as we have driven our local market strategy,
made health care more personal and affordable, and designed and
delivered more customer-centric products and services. These
changes further emphasize the strategies that have helped make
Cigna the market leader.”
About Cigna
Cigna Corporation (NYSE: CI) is a global health service company
dedicated to helping people improve their health, well-being and
sense of security. All products and services are provided
exclusively by or through operating subsidiaries of Cigna
Corporation, including Connecticut General Life Insurance Company,
Cigna Health and Life Insurance Company, Life Insurance Company of
North America and Cigna Life Insurance Company of New York. Such
products and services include an integrated suite of health
services, such as medical, dental, behavioral health, pharmacy,
vision, supplemental benefits, and other related products including
group life, accident and disability insurance. Cigna maintains
sales capability in 30 countries and jurisdictions, and has more
than 90 million customer relationships throughout the world. To
learn more about Cigna®, including links to follow us on Facebook
or Twitter, visit www.cigna.com.
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