Former Aetna CEO Mark Bertolini Resigns From CVS Health Board
February 07 2020 - 7:17PM
Dow Jones News
By Anna Wilde Mathews
Former Aetna Inc. Chief Executive Mark Bertolini resigned from
the board of CVS Health Corp., after the company said Monday he
wouldn't stand for re-election later this year.
In the wake of that earlier announcement, Mr. Bertolini told The
Wall Street Journal in an interview that he was being pushed off
the board. He said he was willing to continue serving but "the
board thought otherwise," adding that he felt the integration
between the insurer and CVS, which bought it in 2018 for nearly $70
billion, is "far from over."
Mr. Bertolini declined to comment Friday about his resignation,
which was disclosed by CVS. A CVS spokesman declined to
comment.
CVS had said on Monday that Mr. Bertolini and two other board
members would leave after the company's annual meeting. CVS said
then it was reducing the size of its board following
corporate-governance best practices.
After Mr. Bertolini's comments earlier this week, the CVS
spokesman said that "the integration has been a success and the
board has the utmost confidence in the current management team and
the progress the combined company has shown to date."
Write to Anna Wilde Mathews at anna.mathews@wsj.com
(END) Dow Jones Newswires
February 07, 2020 19:02 ET (00:02 GMT)
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