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.
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