CVS Health Announces Changes to C-Suite
The company announced a new CFO along with the creation of a new role, chief medical officer.
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CVS Health announced that Brian Newman will serve as executive vice president and chief financial officer (CFO) starting on April 21.1 The company’s previous CFO, Tom Cowhey, will move to a new position, strategic advisor to the president and CEO of the company.
In a press release, CEO David Joyner said, “As I continue to build out my leadership team, I am confident that Brian and Amy will help us continue the momentum we have built over the past several months as we execute on our strategy to deliver better health care to the 185 million Americans we are privileged to serve," said Joyner. "Their collective and individual experience and expertise are well suited to CVS Health and we welcome them both to our leadership team.”
Joyner continued, “I am personally grateful for the leadership Tom has shown in his time at CVS Health, and before that, Aetna. He stepped up during a challenging year and helped position our enterprise for long-term growth opportunities. I wish him all the best in the future."
In the same press release, Newman said, “It is an honor to join CVS Health, its leadership team, and the Finance organization at such an important time in health care. I am confident in our continued success and growth potential, and I look forward to putting my experience to work as we help our clients, customers, and colleagues succeed."
Amy Compton-Phillips, MD, has also been named as the new chief medical officer starting on May 19. In the same press release, she said, “As a clinician, I see the best our health care system can do, and as an administrator, I have seen the challenges that stop us from doing our best all the time. CVS Health has every opportunity to deliver simply better health, and that starts with the patient-medical professional relationship. I am committed to making sure we do all we can to improve the experience and outcome of every person we serve."
Last month, CVS Health Foundation announced $2 million in new funding for the Hispanic Health Council’s Family Wellness Center in Hartford, Connecticut.2
In a press release issued at the time, CVS Health chief sustainability officer and senior vice president of corporate social responsibility Sheryl Burke said, “A variety of interconnected factors influences a person's health. To effectively address these specific barriers to improve health outcomes, we are collaborating with local organizations who know the community the best, like the Hispanic Health Council. This new funding in a city our Aetna corporate offices call home, illustrates the power of collaboration and the positive impact we can achieve when we work together to improve community health."
In the same press release, the Hispanic Health Council’s CEO Ken Barela added, “At the Hispanic Health Council, we are dedicated to ensuring that every individual has access to the care and resources necessary to thrive. Thanks to the generous support of the CVS Health Foundation, we are able to strengthen our community network by providing dedicated patient navigators who will guide individuals through the complexities of the health care system, ensuring they receive the care they need. With CVS Health's collaboration, our network of providers can more effectively integrate care and help us make future improvements and interventions. We are proud to join forces in expanding our impact and building a healthier, more resilient Hartford community."
Sources
- CVS Health Announces Chief Financial Officer Transition Plan; Appoints Chief Medical Officer. CVS Health. April 8, 2025. https://www.prnewswire.com/news-releases/cvs-health-announces-chief-financial-officer-transition-plan-appoints-chief-medical-officer-302422612.html
- CVS Health Foundation Helps Address Barriers to Care and Provides Resources for Individuals with Chronic Health Conditions in Hartford. CVS Health. March 6, 2025. Accessed April 8, 2025. https://www.prnewswire.com/news-releases/cvs-health-foundation-helps-address-barriers-to-care-and-provides-resources-for-individuals-with-chronic-health-conditions-in-hartford-302393650.html
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