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Stock impact report

CVS Health names four new board members in deal with activist investor Glenview Capital [Yahoo! Finance]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: Yahoo! Finance
The expansion of its board from 12 to 16 members with the new entries comes roughly a month after CVS cut ties with CEO Karen Lynch. The new members include Glenview CEO Larry Robbins along with Leslie Norwalk, a strategic counsel to healthcare companies; Guy Sansone, president and CEO of H2 Health; and Doug Schulman, chairman of OneMain Holdings. "We welcome the opportunity to join the board, roll up our sleeves, and lock arms with the board and leadership team to drive long-term, sustainable value through continued customer-centric offerings, commitment to compliance and quality, disciplined underwriting, and risk management, aligned incentive, and optimal capital allocation," Robbins said in a statement "We appreciate the board engaging with us on a cooperative basis that allows all energies to be productively dedicated toward further strengthening this iconic company." CVS has faced headwinds all year with its Medicare Advantage business and started laying off a chunk of Show less Read more
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