CVS names Tom Cowhey CFO, Mike Pykosz President of Health Care Delivery; reaffirms FY2023 and FY2024 guidance

CVS HEALTH Corp

Thomas F. Cowhey appointed EVP and CFO effective Jan 5, 2024; receives $1M base salary, target cash incentive 150%, and $5.5M equity award.
Shawn Guertin steps down as CFO and President of Health Services due to family health reasons; will leave CVS on May 31, 2024.
Mike Pykosz appointed President of Health Care Delivery; he was CEO of Oak Street Health and interim lead since Oct 13, 2023.
Reaffirms 2023 GAAP EPS guidance $6.37-$6.61, Adjusted EPS $8.50-$8.70 (expects upper half); 2024 guidance at least $7.26 GAAP, $8.50 Adjusted.
Expects Medicare Advantage membership growth of at least 800k in 2024; enrollment exceeded expectations during annual enrollment.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Thomas F. Cowhey

Executive Vice President and Chief Financial Officer

CVS · CVS HEALTH Corp

Effective: 2024-01-05
Filed: January 5, 2024, 6:59 PM ET

The Board of Directors (the “Board”) of CVS Health appointed Thomas F. Cowhey to serve as CVS Health’s Executive Vice President and Chief Financial Officer, effective January 5, 2024.

Departed

Shawn M. Guertin

Executive Vice President, Chief Financial Officer and President of Health Services

CVS · CVS HEALTH Corp

Effective: 2024-01-05
Successor: Thomas F. Cowhey
Filed: January 5, 2024, 6:59 PM ET

On January 5, 2024, CVS Health also announced that Shawn M. Guertin, who, as previously disclosed, was on a personal leave of absence since October 13, 2023, will step down from his role as CVS Health’s Executive Vice President, Chief Financial Officer and President of Health Services due to family health reasons, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas F. Cowhey was appointed as Executive Vice President and Chief Financial Officer at CVS HEALTH Corp.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

The Board of Directors (the “Board”) of CVS Health appointed Thomas F. Cowhey to serve as CVS Health’s Executive Vice President and Chief Financial Officer, effective January 5, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shawn M. Guertin departed as Executive Vice President, Chief Financial Officer and President of Health Services at CVS HEALTH Corp.

Action: stepped down
Role: Executive Vice President, Chief Financial Officer and President of Health Services

Exact text from the filing

On January 5, 2024, CVS Health also announced that Shawn M. Guertin, who, as previously disclosed, was on a personal leave of absence since October 13, 2023, will step down from his role as CVS Health’s Executive Vice President, Chief Financial Officer and President of Health Services due to family health reasons, effective immediately.

View on SEC.gov

CVS HEALTH Corp filing history →

Source: SEC EDGAR

accession 0000947871-24-000009

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