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David M. Cordani

Chairman and Chief Executive Officer at Cigna
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

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