CVS Health Corp. Chief Financial Officer Shawn Guertin is taking a leave of absence for family health reasons.
(Bloomberg) — CVS Health Corp. Chief Financial Officer Shawn Guertin is taking a leave of absence for family health reasons.
Tom Cowhey has been appointed interim CFO, CVS said Monday in a statement. Mike Pykosz will head the company’s Health Services division on an interim basis.
This isn’t the first time Guertin has stepped away for family reasons. A former Aetna executive, he was supposed to assume the CFO role when CVS acquired Aetna in 2018, but deferred, citing personal and family issues. He eventually took the job in 2021.
CVS shares rose as much as 2.5% at the New York market open. The company said late Friday that 87% of its Medicare Advantage members are in highly rated plans, which will affect reimbursement.
CVS isn’t the only drugstore chain with C-suite issues: Rival Walgreens Boots Alliance Inc. is looking for a CFO, as James Kehoe stepped down in July after five years at the company.
(Updates with shares starting in second paragraph.)
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