A managed care company is making room at the top for a young executive.
CIGNA Corp., Philadelphia, has picked David Cordani, 42, to be president of the company and chief operating officer.
H. Edward Hanway, 56, who has been chairman and chief executive, will continue to hold those titles.
Cordani, who has been president of CIGNA’s CIGNA HealthCare unit, now will be in charge of running the group disability, life and international businesses as well as the managed care business, CIGNA says.