Eric Palmer, executive vice president of enterprise strategy for the Cigna Group, will exit the company April 26.
Mr. Palmer, who also served as CEO of Evernorth Health Services, will receive a $5.2 million cash payment upon his exit, according to regulatory documents filed April 18. He will also receive an estimated $4.8 million in stock options.
In March, Cigna named Brian Evanko, who currently serves as CEO of Cigna Healthcare, would also assume leadership of Evernorth, the company’s health services arm. The move is intended to consolidate the two divisions under one leader, Cigna Group CEO David Cordani said in March.
Mr. Palmer was named CEO of Evernorth in 2021. He joined Cigna in 1998.
In 2024, Mr. Palmer was Cigna’s second highest-paid executive, earning $10.4 million in total compensation.
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