Recent Updates
Recently added Catalysts
CVS Positive Sentiment Score: 70/100

CVS Health announces CFO Shawn Guertin to take leave of absence due to family health reasons SVP of Corporate Finance Thomas F. Cowhey Appointed Interim CFO CEO of Oak Street Health Mike Pykosz Named Interim President of

Key Takeaway: CVS Health announced that CFO Shawn Guertin will take a leave of absence due to family health reasons. Thomas F. Cowhey, SVP of Corporate Finance, has been appointed as the Interim CFO while Mike Pykosz, CEO of Oak Street Health, will serve as Interim President of Health Services. The leadership changes are aimed at maintaining operational continuity during Guertin's absence. CVS Health is still on track to report its third quarter earnings on November 1, 2023, and will hold its Investor Day on December 5, 2023.

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Thomas F. Cowhey as Interim CFO ensures continuity.
  • Mike Pykosz's leadership in Health Services brings experience from Oak Street Health.
  • Company leadership expresses support for Shawn Guertin during his leave.

Full Press Release Details

CVS Health announces CFO Shawn Guertin to take leave of absence due to family health reasons
SVP of Corporate Finance Thomas F. Cowhey Appointed Interim CFO
CEO of Oak Street Health Mike Pykosz Named Interim President of Health Services
WOONSOCKET, R.I., Oct. 16, 2023 - CVS Health (NYSE: CVS) today announced several leadership updates, effective immediately:
"Our thoughts are with Shawn and his family during this difficult period," said CVS Health President and CEO Karen S. Lynch. "The Board and I have every confidence that Tom and Mike will ensure we continue to execute our strategy seamlessly while we give Shawn time to be with his family."
Cowhey joined CVS Health in February of 2022. He previously served as CFO of Surgery Partners Inc., and before that spent more than a decade at Aetna in various strategy and finance roles. Since joining CVS Health, he has overseen investor relations, corporate development, treasury, and finance operations, working closely with Guertin and Lynch to manage the Company's overall financial strategy.
Pykosz joined CVS Health following the acquisition of Oak Street Health on May 2, 2023. As CEO and a co-founder of Oak Street, he built it into a leading multi-payor, value-based primary care platform. During his time at CVS Health, Pykosz has been focused on continuing to run the Oak Street business, while also helping to unify all of CVS Health's care delivery assets.
Kyle Armbrester, CEO of Signify Health, has continued to lead Signify Health since it became part of CVS Health on March 29, 2023. He is highly involved in the Health Services strategy and remains a member of the executive leadership team.
CVS Health will continue to report third quarter earnings results on November 1, 2023, and hold Investor Day on December 5, 2023, as previously announced.
About CVS Health
CVS Health is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues - including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health - whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system - and their personal health care - by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
Investor contact

Frequently Asked Questions

Why is CVS Health's CFO on leave?

CFO Shawn Guertin is on a leave of absence due to family health issues.

Who is the interim CFO of CVS Health?

Thomas F. Cowhey has been appointed as the interim CFO.

Who is the interim president of CVS Health's Health Services?

Mike Pykosz, CEO of Oak Street Health, is the interim president.

When will CVS Health report third quarter earnings?

CVS Health will report its third quarter earnings on November 1, 2023.

What is CVS Health's mission?

CVS Health aims to improve access and lower costs in health care.

Last updated: Oct 16, 2023