Cigna Promotes Evanko, Possibly Paving Way for CEO Transition
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Mar 14, 2025
In a move that Wall Street analysts expect will eventually catapult him into the role of CEO, The Cigna Group Chief Financial Officer (CFO) Brian Evanko is being promoted to president and chief operating officer (COO).
“We view this as essentially anointing Evanko as the next CEO,” Bernstein Research’s Lance Wilkes advised investors. Wilkes, who worked at Cigna before joining Bernstein, pointed out that David Cordani was named president and COO in 2008 before ascending to the role of CEO in 2009.
“We have expected that Cigna would move toward succession planning and see this as a possible driver in further diversification, with the potential acquisition of an MA [Medicare Advantage] or Medicaid MCO to expand their membership base and diversify their holdings,” Wilkes wrote.
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