Permanent roles for Thomas Cowhey and Mike Pykosz

WOONSOCKET, R.I. — CVS Health has formally made permanent the interim appointments of chief financial officer Tom Cowhey and interim president of health care delivery Mike Pykosz, the company said on Friday.

CVS Health had announced on October 13 the interim appointments, and that Shawn Guertin would be taking a leave of absence. In an update, the company said Guertin will be officially stepping down from his roles due to family health reasons. He will remain on personal leave and will leave the company on May 31.

Tom Cowhey, who was senior vice president of Corporate Finance and interim CFO, will now formally serve as the company’s next CFO.

Oak Street Health CEO Mike Pykosz and interim lead of health care delivery, Mike Pykosz, has been formally appointed president of health care delivery.

“We are fortunate to have someone of Tom’s caliber and experience already within CVS Health today and ready to take on the role. His experience in health care is deep and broad, and he will drive continuity for our strategy and delivering on our commitments,” said CVS Health president and CEO Karen Lynch. “Mike is a natural fit to lead the execution of our health care delivery strategy. There is real innovation and value to be unlocked as Mike unifies our clinic-based and home health assets. The board and I are fully confident in Tom and Mike.”

Cowhey joined CVS Health in February of 2022. He previously served as CFO of Surgery Partners Inc., and before that spent more than a decade at Aetna in various strategy and finance roles. Since joining CVS Health, he has overseen investor relations, corporate development, treasury, and finance operations, working closely with Lynch and the Executive Leadership Team to manage the company’s overall financial strategy.

Pykosz joined CVS Health following the acquisition of Oak Street Health on May 2, 2023. As CEO and a co-founder of Oak Street, he built it into a leading multi-payor, value-based primary care platform. During his time at CVS Health, Pykosz has been focused on continuing to run the Oak Street Health business, while also helping to unify all of CVS Health’s care delivery assets.

Lynch continued, “We fully support Shawn and his need to prioritize his family during this time. We thank Shawn for all the contributions he has made as a valuable member of our team.”