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    David M. Cordani

    Chairman and Chief Executive Officer at Cigna Group
    Board
    Since 2009
    Age
    59 years
    Education
    Holds an MBA from the University of Hartford and a BBA from Texas A&M University.
    Tenure
    Joined The Cigna Group in 1991, became President in 2008, assumed the role of Chief Executive Officer in 2009, and was appointed Chairman of the Board in January 2022.

    Also at Cigna Group

    BCE
    Brian C. Evanko
    Executive Vice President, Chief Financial Officer, and President and CEO of Cigna Healthcare
    EPP
    Eric P. Palmer
    Executive Vice President, Enterprise Strategy, and President and CEO of Evernorth Health Services
    JK
    Jamie Kates
    Chief Accounting Officer

    About

    David M. Cordani is a seasoned executive in the health services industry, known for his longstanding career and leadership at The Cigna Group. At 59 years old as of February 2025, he has built a solid reputation through his dedication to advancing health care initiatives and sustainable corporate practices.

    Beginning his journey with the company in 1991, he rapidly progressed through key leadership roles, serving as President in 2008 and taking on the Chief Executive Officer role in 2009. His leadership was further solidified with his appointment as Chairman of the Board in January 2022, demonstrating a commitment to both strategic vision and operational excellence.

    Educated with an MBA from the University of Hartford and a BBA from Texas A&M University, his academic background laid the foundation for his effective governance and innovative approach in managing one of the world’s leading health organizations. His career reflects a balanced blend of operational expertise and forward-thinking strategies in an ever-evolving global market.

    Past Roles

    OrganizationRoleDate RangeDetails
    The Cigna Group President N/A Served starting in 2008; former CI leadership role
    The Cigna Group Chief Operating Officer N/A Former executive role
    The Cigna Group President, Cigna HealthCare N/A Former CI leadership role
    The Cigna Group Senior Vice President, Customer Segments and Marketing N/A Former role contributing to customer engagement and innovation
    U.S. Chamber of Commerce’s U.S.-Korea Business Council Chairman N/A Past external board position
    U.S.-India Business Council Board of Directors Board Member N/A Past external board position

    External Roles

    OrganizationRoleDate RangeDetails
    Achilles International Freedom Team of Wounded Veterans Various capacities N/A Active involvement
    David and Sherry Cordani Family Foundation Actively involved N/A N/A
    America’s Health Insurance Plans (AHIP) Executive Committee member N/A Previously served as Chair
    General Mills, Inc. Board of Directors; Audit and Compensation Committees (Chair) N/A Active role

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,573,077 AnnualBase salary for 2024
    Change in Pension Value and Nonqualified Deferred Compensation Earnings$31,059 AnnualAggregate change in actuarial present value of accumulated benefits under frozen pension plans
    All Other Compensation$372,797 VariesIncludes 401(k) matching ($85,171 ), use of corporate aircraft for personal travel ($231,008), financial planning/tax/legal fees ($55,816 ), and personal umbrella coverage (amount not detailed)

    Performance Compensation

    Data from  FY 2024

    Strategic Performance Share (SPS) Awards

    MetricValueAdditional Details
    Performance Period2024-2026 Three-year performance cycle
    MetricsRelative TSR (50%) & Adjusted Income from Operations per share (50%) Performance conditions divided equally
    Threshold Shares3,723 shares Minimum performance level
    Target Shares29,780 shares Target achievement level
    Maximum Shares59,560 shares Cap based on performance
    Vesting ScheduleQ1 2027 Vests in the first quarter following the performance period
    Grant DateFebruary 28, 2024 Official grant date
    Grant Date Fair Value$11,873,967 Based on probable achievement of TSR condition
    Grant Date Stock Price$335.13 Market price on grant date

    Option Awards

    MetricValueAdditional Details
    Grant DateFebruary 28, 2024 Official grant date
    Grant Date Fair Value$3,340,009 Calculated per ASC Topic 718
    Exercise/Base Price$336.475 per share Determined as average of high and low trading prices on grant date
    Closing Market Price$335.13 per share Market price on grant date
    Number of Options36,162 options Total options granted
    Vesting ScheduleThree equal annual installments beginning March 1, 2025 Time-based vesting without specific performance metrics

    Non-Equity Incentive Plan Compensation

    MetricValueAdditional Details
    Target Payout$3,200,000 Base target cash incentive
    Maximum Payout$6,400,000 Cap at 200% of target
    Actual Earned$2,720,000 Payout achieved based on performance
    Performance ConditionsEnterprise and individual performance goals Incentive based on pre-established annual goals with a payout range from 0% to 200%
    Payment ScheduleFirst quarter following the performance year Cash-based incentive disbursed post performance evaluation