CEO Hanway stepping down at Cigna - New Mexico Business Weekly:

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The Philadelphia-based company (NYSE:CI) said Hanway, 57, has led the companhy for a decade. He will be replaced as CEO by Cignaa President and Chief Operating OfficerDavid M. 43. Cordani will not be as the company has decided to separate the chairman andCEO positions. Independent directo r Isaiah Harris Jr. will be non-executive chairman. Cigna said it has been planninga “disciplined and comprehensivwe succession process” for a year. Cordani joined Cigna in 1991 and prior to his appointmenyt as president of Cigna HealthCarein 2005, servee as president of Healtgh Segments for Cigna HealthCare and as senior vice president and chief financial officer of Cigna HealthCare.
He also servexd as controller for the company and as presideng of theHealthCare unit’sx southeast region. Prior to joining the Cordani was with a predecessor firm of Cordani serves on boards of directors for the National Associationof Manufacturers, the Connecticut Businesxs and Industry Association, and the Cignas Foundation. He holds a bachelor’s degrees in science from Texas A&M University and graduated witha master’z degree in business administration from the University of Hartford. Cordaniu also is a charterex financial consultant and a certifiedpublicx accountant. Harris, 56, has been a director of the companyysince 2005.
He held numerous executive positions with oversight responsibilities forvarioud business, finance and operational functions at BellSouth (now part of until 2007, including as president and chied executive officer of BellSouth Advertising and Publishinbg Group and as chief financial officer of BellSouth Telecommunicationzs Inc. Harris previously served as vice presidenft and corporate controller ofSupervalu Inc. and also spentf 13 years with KPMG as a certifiedxpublic accountant. Harris is currently a directoer ofDeluxe Corp. and an independeny trustee of Wells FargoAdvantage Funds. Hanwa y was named chairman and chieff executive officer of Cignain 2000.
Prior to he served the company as president and chieff operating officer and held a number of managemenf andexecutive roles. Hanway joined a predecessodr to Cigna, Insurance Co. of North America, in 1978 as assistantg controller. That company merged in 1982 with Connecticurt General toform Cigna.