CVS Health Looks to Aetna For Its Next CFO
June 06 2018 - 10:00AM
Dow Jones News
By Allison Prang
Aetna Inc.'s current chief financial officer, Shawn Guertin,
will become CFO of CVS Health Corp., one of several planned
executive changes CVS unveiled Wednesday as it works to complete
its acquisition of the health insurer.
Once the transaction is closed, Mr. Guertin, who has been at
Aetna since 2011, will oversee financial planning and analysis,
accounting, investor relations and tax and treasury functions, CVS
said. When the transaction closes, CVS's current CFO, David Denton,
will leave the firm.
CVS will pay Mr. Denton two years of his base salary in addition
to other benefits, according to a securities filing.
CVS expects its deal for Aetna to close in the latter half of
this year, but until then, Aetna and CVS will continue to operate
separately. It reached an agreement in December to buy Aetna for
$69 billion in cash and stock.
In addition to the CFO changes, CVS also said Aetna President
Karen Lynch will become president of the Aetna business and also an
executive vice president for CVS.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
June 06, 2018 09:45 ET (13:45 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Aetna (NYSE:AET)
Historical Stock Chart
From Feb 2024 to Mar 2024
Aetna (NYSE:AET)
Historical Stock Chart
From Mar 2023 to Mar 2024