As Founder and CEO, Fritch built HealthSpring into a $4.6 billion enterprise at the time of its acquisition by Cigna in 2012, and served as President of the Senior Segment at Cigna-HealthSpring until retiring from the position in November of 2016. Beginning his career in 1973 as an actuary, Fritch has more than 40 years of experience in the managed healthcare business.
A graduate of Carleton College, Fritch and his wife Barbara are also renowned for their philanthropic efforts through the Herbert A. (Herb) Fritch Family Foundation, and are members of United Way’s Tocqueville Society.
“When I assumed the role of Chairman the plan was always to have Herb be my successor when we were both ready,” Cigarran said. “I am proud of what we have built – the health of the franchise and Arena have never been stronger – and I have the utmost confidence that the organization, under Herb’s leadership, will continue its upward trajectory.”
Under Cigarran’s direction, the Predators and Bridgestone Arena saw unprecedented success. The franchise advanced to its first-ever Stanley Cup Final in June of 2017, hosted one of the most successful All-Star Weekends in January of 2016, and is in the midst of a sellout streak that currently stands at 131 games. The organization has also achieved franchise records in season-ticket sales, as well as sponsorship and premium seating revenues, while establishing business partnerships with world-class companies such as Bridgestone, Nissan and Fifth Third Bank. Bridgestone Arena has also seen historic activity, being named Pollstar’s 2014 and 2017 Arena of the Year while ranking among the busiest arenas in North America by the publication over the past six years.
Cigarran’s status as member of the team’s ownership group will not change, and he will assume a role as one of the Predators Alternate Governors’ on the NHL Board of Governors.