Herbert A. Fritch, President, Cigna-HealthSpring of CIGNA Corporation (NYSE:CI), notified the Company of his intention to retire from his position effective November 11, 2016. Mr. Fritch will serve in an advisory role to the Company from his retirement date through December 2017.
The terms of any retirement arrangement and advisory agreement between the Company and Mr. Fritch will be disclosed on a Form 8-K as required.
Shawn Morris, currently Chief Operating Officer for Cigna-HealthSpring, will serve as Interim President, Cigna-HealthSpring upon Mr. Fritch’s retirement. Mr. Morris joined HealthSpring, Inc. in 2005, and held multiple leadership roles, including Executive Vice President, before Cigna’s acquisition in 2012.
The information in this Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act whether made before or after the date of this report, except as shall be expressly set forth by specific reference in such a filing.