[Hiring] Chief Innovation Officer @The Cigna Group

Role Description

The Chief Business Innovation Officer is responsible for building and leading the enterprise capability that identifies, incubates, and commercializes future sources of growth beyond the organization's current business portfolio.

Reporting to the EVP, Enterprise Strategy, Ventures & Innovation and serving as a member of the Senior Leadership Team (SLT), this leader will establish and operate the company's innovation platform, creating the governance, portfolio management disciplines, external ecosystem relationships, incubation processes, and commercialization pathways required to continuously develop new sources of enterprise value.

This leader will focus on opportunities that extend beyond existing business boundaries while also helping the enterprise identify and advance adjacent growth opportunities that leverage current assets, capabilities, channels, and market positions. This includes:

• Evaluating unmet customer needs
• Emerging healthcare trends
• Technology-enabled solutions
• Business model innovation
• Opportunities across adjacent and emerging markets

This leader will oversee the full innovation portfolio across multiple horizons, balancing near-term growth opportunities, cross-enterprise innovation initiatives, disruptive business models, and new growth platforms. Through disciplined experimentation, validated learning, strategic partnerships, and commercialization pathways, the VP will convert emerging opportunities into scalable businesses, capabilities, and sources of long-term enterprise value.

Unlike traditional product development roles focused on existing business lines, this role is accountable for building the enterprise innovation system that continuously generates and advances future growth opportunities.

Qualifications

• 15+ years of experience in innovation, new business development, venture building, product strategy, healthcare strategy, consulting, corporate development, entrepreneurship, or related fields.
• Demonstrated success launching new products, services, businesses, or growth initiatives.
• Experience identifying and evaluating emerging market opportunities.
• Strong understanding of healthcare, consumer trends, technology disruption, and business model innovation.
• Proven track record influencing executive leaders and driving enterprise change.
• Exceptional strategic thinking, creativity, and commercial judgment.
• Experience leading cross-functional teams in highly matrixed organizations.

Requirements

• Think beyond current business realities to identify future sources of value creation.
• Balance long-term vision with pragmatic execution and commercialization.
• Translate ambiguity into actionable opportunities and investment decisions.
• Operate effectively across strategy, innovation, investments, technology, and business operations.
• Build credibility and influence without relying on formal authority.
• Foster entrepreneurial thinking while maintaining enterprise discipline.
• Demonstrate strong commercial judgment, intellectual curiosity, and learning agility.
• Build and sustain high-performing internal and external innovation networks.

Benefits

• Annual salary of 272,200 - 408,400 USD / yearly, depending on relevant factors, including experience and geographic location.
• Eligibility to participate in an annual bonus and long-term incentive plan.
• Comprehensive range of health-related benefits including medical, vision, dental, and well-being and behavioral health programs.
• 401(k) plan.
• Company paid life insurance.
• Tuition reimbursement.
• A minimum of 18 days of paid time off per year.
• Paid holidays and leaves of absence.