The leadership team at The Cigna Group underwent changes in response to escalating healthcare costs and demands from employer clients to control expenses, as announced on Thursday, March 13. The photo shows The Cigna Group headquarters in Bloomfield, Connecticut, US, taken on Friday, Oct. 27, 2023. Photographer: Joe Buglewicz/Bloomberg
The Cigna Group restructured its management team in light of the increasing healthcare costs and pressure from employer clients to manage spending effectively.
The announcement introduced Brian Evanko as the new president and chief operating officer of The Cigna Group, effective March 31. Evanko, who previously led Cigna Healthcare, will now oversee all business lines under Chairman and CEO David Cordani, including Evernorth Health Services. This move aims to strengthen the company’s growth strategy and enhance customer focus.
Cordani emphasized the importance of the leadership changes in driving continued growth and delivering value to customers. Ann Dennison, the new executive vice president and chief financial officer, will oversee all financial operations within the enterprise. Nicole Jones, chief administrative officer and general counsel, will take on additional responsibilities in enterprise marketing.
Eric Palmer, who has led Evernorth Health Services, will be leaving the company at the end of April. Cigna reported a net income of over $3.4 billion in 2024, with challenges in managing rising medical expenses.
Health insurers like Cigna are facing increased claims and higher medical costs, attributed in part to delayed medical care during the Covid-19 pandemic. Cigna’s fourth-quarter results were impacted by higher stop loss medical costs.
