Healthways Thomas Cigarran resigns from board Healthways announced that Thomas Cigarran has resigned from its board of directors, effective February 14. Cigarran was a co-founder of the company in 1981 and served as its CEO from 1989 to 2003 before retiring to serve as Chairman until 2010, when he became Chairman Emeritus. The board intends to continue the process already underway to identify and nominate a new director.
Healthways downgraded following CEO removal at Stifel As previously reported, Stifel downgraded Healthways to Hold from Buy. The firm said the departure of CEO Ben Leedle, with not obvious successor, creates operational uncertainty and represents another delay in its thesis for expanding margins.