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CVS Health Announces Leadership Appointments Thomas F. Cowhey Named Chief Financial Officer Mike Pykosz Named President of Health Care Delivery WOONSOCKET, R.I.

Key Takeaway: CVS Health has announced several leadership appointments, naming Thomas F. Cowhey as the new Chief Financial Officer and Mike Pykosz as President of Health Care Delivery. Cowhey, who has been with CVS since 2022, brings significant healthcare financial management experience. Pykosz, co-founder of Oak Street Health, will work to unify CVS's care delivery assets and enhance its healthcare strategy. The changes come as CVS continues to prioritize patient care through innovative solutions and leadership continuity.

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POSITIVE FACTORS

  • Leadership changes indicate a strong commitment to continuity and strategy.
  • Tom Cowhey's extensive experience in health care is expected to drive positive financial outcomes.
  • Mike Pykosz's background in value-based care highlights innovation opportunities.

Full Press Release Details

CVS Health Announces Leadership Appointments
Thomas F. Cowhey Named Chief Financial Officer
Mike Pykosz Named President of Health Care Delivery
WOONSOCKET, R.I., January 5, 2024 - CVS Health (NYSE: CVS) today announced several leadership updates, effective immediately:
"We are fortunate to have someone of Tom's caliber and experience already within CVS Health today and ready to take on the role. His experience in health care is deep and broad, and he will drive continuity for our strategy and delivering on our commitments," said CVS Health President and CEO Karen S. Lynch. "Mike is a natural fit to lead the execution of our health care delivery strategy. There is real innovation and value to be unlocked as Mike unifies our clinic-based and home health assets. The Board and I are fully confident in Tom and Mike."
Cowhey joined CVS Health in February of 2022. He previously served as Chief Financial Officer 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 Lynch and the Executive Leadership Team 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 Health business, while also helping to unify all of CVS Health's care delivery assets.
Lynch continued, "We fully support Shawn and his need to prioritize his family during this time. We thank Shawn for all the contributions he has made as a valuable member of our team."
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.
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Frequently Asked Questions

Who is CVS Health's new Chief Financial Officer?

Thomas F. Cowhey has been appointed as the Chief Financial Officer.

What role has Mike Pykosz taken at CVS Health?

Mike Pykosz is now the President of Health Care Delivery.

When were the leadership updates announced?

The leadership updates were announced on January 5, 2024.

What was Cowhey's previous position before CVS Health?

He was the Chief Financial Officer at Surgery Partners Inc.

What company did CVS Health acquire related to Pykosz's role?

CVS Health acquired Oak Street Health, where Pykosz was CEO.

Last updated: Jan 5, 2024