
CVS Well being is including 4 members to its board of administrators following “productive discussions” with hedge fund investor Glenview Capital Administration, the corporate mentioned in a Nov. 18 information launch.
Amongst these becoming a member of the board is Glenview CEO Larry Robbins, who mentioned within the launch the hedge fund welcomes the “alternative to affix the board, roll up our sleeves and lock arms with the Board and management staff to drive long-term, sustainable worth by continued customer-centric choices, dedication to compliance and high quality, disciplined underwriting and danger administration, aligned incentives, and optimum capital allocation.”
The others becoming a member of the board are Leslie Norwalk, Man Sansone and Doug Shulman. The appointments broaden the dimensions of CVS Well being’s board to 16 members.
Ms. Norwalk serves as strategic counsel on the legislation agency Epstein Becker & Inexperienced, which focuses on healthcare, life sciences and workforce administration options. She served as an appearing administrator at CMS from 2001 to 2007. She’s going to serve on the board’s well being providers committee.
Mr. Sansone is CEO of H2 Well being, a supplier of bodily rehabilitation and scientific staffing providers. He’ll serve on the audit committee.
Mr. Shulman is the CEO of OneMain Monetary, a private and auto mortgage supplier. He served as IRS commissioner from 2008 to 2012. He’ll serve on the administration planning and growth committee.
The appointments are the most recent in a collection of management strikes CVS Well being has made in latest months. CVS Well being appointed David Joyner president and CEO Oct. 17, changing Karen Lynch, who stepped down. Board Chair Roger Farah was named govt chair, Prem Shah was named group president and Steve Nelson was named president of Aetna.