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CVS Health has reached an agreement with Glenview Capital Management to add four new members to its board of directors, increasing the total to 16. The new members—Leslie Norwalk, Larry Robbins, Guy Sansone, and Doug Shulman—will bring diverse expertise to various committees as CVS aims to enhance its financial performance. Glenview, which owns about 1% of CVS shares, has engaged in discussions about strategic options to improve the company"s fortunes.
CVS Health has expanded its board to 16 members, adding four new directors, including Glenview Capital Management CEO Larry Robbins, who has been critical of the company. The move follows Glenview"s acquisition of a 1% stake and aims to enhance financial and operational performance amid ongoing challenges in CVS"s insurance business. Shares rose over 3% following the announcement.
CVS Health has reached an agreement with activist investor Glenview Capital to add four new members to its board, including Glenview CEO Larry Robbins, following the ousting of former chief Karen Lynch. The board will expand to 16 members as CVS aims to enhance value amid challenges in its Medicare Advantage business and ongoing cost-cutting measures.
CVS Health announced the addition of four new board members, including Glenview Capital Management CEO Larry Robbins, following an agreement with the hedge fund. This move comes as Glenview increased its stake in CVS by 31% during the third quarter, purchasing 2.8 million shares. CVS chairman Roger Farah emphasized the goal of delivering greater value to all stakeholders through this collaboration, expanding the board to a total of 16 members.
CVS Health Corp. has appointed Larry Robbins, founder of Glenview Capital Management, to its board amid pressure from the activist firm for changes within the company. Robbins is one of four new members, increasing the board"s total to 16 directors. Following the announcement, CVS shares rose by 1.4% in pre-market trading.

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