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CVS Health CFO taking leave of absence

Thomas Cowhey, senior vice president of corporate finance, has been appointed interim CFO, while CEO of Oak Street Health, Mike Pykosz, has been named interim president of Health Services.
Levy

CVS Health today announced several leadership updates, effective immediately:

Shawn Guertin, executive vice president, chief financial officer and president of health services will be taking a leave of absence from his role due to unforeseen family health reasons.

Tom Cowhey, senior vice president of corporate finance has been appointed interim CFO.

Mike Pykosz, CEO of Oak Street Health has been named interim president of health services.

"Our thoughts are with Shawn and his family during this difficult period," said Karen Lynch, CVS Health president and CEO. "The board and I have every confidence that Tom and Mike will ensure we continue to execute our strategy seamlessly while we give Shawn time to be with his family."

[Read more: CVS Health report highlights need for expanded role of retail pharmacists]

Cowhey joined CVS Health in February of 2022. He previously served as CFO of Surgery Partners, 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 Guertin and Lynch 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 business, while also helping to unify all of CVS Health's care delivery assets.

Kyle Armbrester, CEO of Signify Health, has continued to lead Signify Health since it became part of CVS Health on March 29, 2023. He is highly involved in the Health Services strategy and remains a member of the executive leadership team.

[Read more: CVS Health posts revenue hike in Q2]

CVS Health will continue to report third quarter earnings results on Nov. 1, 2023, and hold Investor Day on Dec. 5, 2023, as previously announced.

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