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Stock impact report

CVS taps former UPS finance chief as new CFO [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
CVS Health named a new CFO Tuesday as the healthcare giant continues to shake up its leadership team. Brian Newman, most recently CFO of shipping and logistics firm UPS, will start at CVS on April 21. Tom Cowhey, who took on the permanent CFO position at CVS early last year, will become a strategic advisor to CEO David Joyner, effective May 12. In addition to the leadership change, CVS said it expects financial results for 2025 to meet or exceed its previously issued guidance. In February, the company reported expected adjusted earnings for the year between $5.75 and $6 a share Newman will receive a base salary of $1 million, and his target annual equity award compensation will be $7 million, CVS said in a securities filing. Cowhey will step down from the finance chief position about a year and half after he first took on the interim role He started at CVS in 2022, and then took on the interim CFO job in October 2023 after previous finance chief Shawn Guertin left due to fa Show less Read more
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