On April 8, CVS Health named Brian Newman, United Parcel Service’s CFO, as its next financial chief and executive vice president as the healthcare company’s current CFO, Tom Cowhey, transitions to a new position.
After joining CVS in 2022, Mr. Cowhey is switching roles to serve as a strategic adviser to the company’s president and CEO, David Joyner, according to a CVS Health news release.
Prior to UPS, Mr. Newman spent 26 years at PepsiCo, where he was chief strategy officer and held finance leadership roles across Europe, Asia, and North and South America.
The company has also appointed Amy Compton-Phillips, MD, as executive vice president and chief medical officer. Dr. Compton-Phillips most recently served as Press Ganey’s chief physician officer, and before then, she was president and chief clinical officer at Renton, Wash.-based Providence.
Mr. Newman will fill the CFO role effective May 12, and Dr. Compton-Phillips will assume the CMO position May 19. Both will report to Mr. Joyner.
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