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Cordani Becomes CIGNA's CEO

Posted on 06 Jan 10

David M. Cordani has become president and chief executive officer of CIGNA Corporation. Cordani, 43, most recently served as president and chief operating officer for CIGNA and has 18 years of experience with the company.

In addition, Isaiah "Ike" Harris, Jr. has become the chairman of the board for CIGNA. Harris was previously vice chairman of the board and has been a CIGNA director for the past five years.

"CIGNA is positioned to be the leading global health service company and we are excited about the opportunities for growth for years to come," said Cordani. "We have a strong team, a high-quality, global network of the best doctors and hospitals and a broad, global service franchise. At CIGNA, we have continued to innovate our products, clinical and service programs and are positioned to do well in a changing global marketplace by delivering better, differentiated value to our customers and clients."

"David has guided the corporation to industry-leading service and clinical results in the face of a global recession as our president and chief operating officer," noted Harris. "He has led our strategic planning effort which sets the stage for continued growth. David is a passionate leader and the board of directors and I are looking forward to working with him in the coming years."

Cordani has served as president and chief operating officer of the company since June 2008, with strategic and operational responsibility for CIGNA's HealthCare, Group Insurance and International businesses.

Cordani joined CIGNA in 1991 and prior to his appointment as president of CIGNA HealthCare in 2005, served as president of Health Segments for CIGNA HealthCare and as senior vice president and chief financial officer of CIGNA HealthCare. Prior to joining the company, Cordani was with Coopers & Lybrand, a predecessor firm of PricewaterhouseCoopers. Cordani serves on the boards of directors for the America's Health Insurers Plans, National Association of Manufacturers, the Connecticut Business and Industry Association and the CIGNA Foundation. He holds a bachelor's degree in science from Texas A&M University and graduated with a master's degree in business administration (MBA) from the University of Hartford. Cordani is a chartered financial consultant and a certified public accountant.

Harris, 57, has been a director of the company since 2005. He held numerous executive positions with oversight responsibilities for various business, operational, and finance functions at BellSouth (now part of AT&T) until 2007, including president and chief executive officer of Advertising and Publishing Group, President BellSouth Enterprises, which included the company's international operations, and as chief financial officer of BellSouth Telecommunications, Inc. Harris previously served as vice president and corporate controller of Supervalu, Inc. and also spent 13 years with KPMG as a certified public accountant. Harris is currently a director of Deluxe Corporation and an independent trustee of Wells Fargo Advantage Funds.