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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.
Leslie Norwalk
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cvs health expands board with four new members amid strategic review
CVS Health Corporation
One Main Holdings
USA
Doug Shulman
Larry Robbins
Guy Sansone
Leslie Norwalk
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20:00 18.11.2024
cvs health expands board adding hedge fund ceo and industry leaders
CVS Health Corporation
OneMain Holdings, Inc.
Glenview Capital Management LLC
USA
Leslie Norwalk
Guy Sansone
Roger Farah
Doug Shulman
Larry Robbins
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15:51 18.11.2024
cvs partners with glenview capital for four board seats amid challenges
Glenview Capital
Norfolk Southern Corporation
Southwest Airlines Co.
CVS Health Corporation
USA
Larry Robbins
Roger Farah
Karen Lynch
David Joyner
Leslie Norwalk
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14:50 18.11.2024
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