CVS has tapped veterans in their respective fields as chief financial officer and chief medical officer.
CVS Health is adding two new faces to its C-suite.
The retail pharmacy chain has named Brian Newman executive VP and chief financial officer designate, effective April 21. He will succeed current chief financial officer, Tom Cowhey, who will transition to serve as a strategic advisor to president and CEO David Joyner, effective May 12.
Newman was most recently executive VP and CFO of United Parcel Service (UPS). In his nearly five years in the role, he is credited with helping lead the company through COVID-19 pandemic. Before joining UPS, he spent 26 years with PepsiCo and served in finance leadership roles across Europe, Asia, and North and South America. He also served as executive vice president for PepsiCo’s global operations and as chief strategy officer.
“It is an honor to join CVS Health, its leadership team, and the finance organization at such an important time in health care,” said Newman. “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.”
In addition to incoming CFO change, Amy Compton-Phillips, M.D., has been tapped as the company’s new executive VP and chief medical officer, effective May 19. She will also report to Joyner.
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