Cigna names insider Brian Evanko as CEO, shares down

Shares of health insurer Cigna CI.N fall 4% to $289.82 premarket

 Co says president and COO Brian Evanko to succeed retiring chief David Cordani as CEO, starting July

Cordani to be executive chair of Cigna's board after the transition

 Evanko, who has been with the company for three decades, currently oversees Cigna Healthcare and Evernorth Health Services

  Separately, co reaffirms 2026 forecast for adjusted income from operations of at least $30.25 per share

As of last close, stock up 6% YTD