PepsiCo: CVS Health Appoints Former UPS And Pepsi Exec As Finance Chief, Stock Soars

CVS Health Inc (NYSE:CVS) on Tuesday named Brian Newman as executive vice president and chief financial officer designate, effective April 21.He will succeed current chief financial officer Tom Cowhey, who will transition as a strategic advisor to president and chief executive officer David Joyner, effective May 12.Newman was most recently executive vice president and chief financial officer of United Parcel Service Inc (NYSE:UPS).Also Read: FTC Pauses Lawsuit Against CVS, Cigna, UnitedHealth's PBMs Amid Commissioner ShortageBefore joining UPS, Newman spent 26 years with PepsiCo, where he held finance leadership roles across Europe, Asia, and North and South America. He also served as executive vice president for PepsiCo's global operations and chief strategy officer. Newman began his career as an ...Full story available on Benzinga.com