CVS Health names Brian Kane President of Aetna

Rhea-AI Summary

CVS Health (NYSE: CVS) announced the appointment of Brian Kane as Executive Vice President and President of Aetna, effective September 1, 2023. Kane, who has a strong background in health care innovation and operational improvements, will join CVS's executive team, reporting to President and CEO Karen S. Lynch. He replaces Daniel Finke, who is stepping down due to health reasons. Kane previously served as CFO at Humana and has extensive experience in health services consulting. He aims to leverage CVS's unique assets, including Aetna, to enhance health care accessibility for Americans. This leadership change is anticipated to bolster CVS's strategy in delivering personalized and affordable health care solutions.

Positive

• Brian Kane's appointment is expected to drive operational improvements in Aetna.
• Kane's experience at Humana may bring valuable insights and strategies to CVS.
• Kane aims to enhance health care access and affordability, aligning with CVS's mission.

Negative

• Daniel Finke's departure raises concerns about continuity in Aetna's leadership during the transition.

WOONSOCKET, R.I., April 17, 2023 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced that Brian Kane will join the company as Executive Vice President and President of Aetna, effective September 1, 2023. He will become a member of the company's executive leadership team and report to CVS Health President and CEO Karen S. Lynch.

"Brian has a track record of bringing customer-driven innovations to the market and delivering strong operating improvements," said Lynch. "His passion to simplify the health care experience will advance our strategy to improve health, lower costs and drive higher levels of engagement among our members."

Kane will lead Aetna, the health care benefits segment of CVS Health that provides benefits and insurance solutions to employers, individuals and government entities, serving nearly 35 million people. He most recently acted as a strategic consultant to several leading private equity firms focused on health care services. Prior to that, Kane served as Chief Financial Officer of Humana and oversaw its primary care businesses. He also played a critical role in the formulation and execution of Humana's strategy during his time with the company. Before joining Humana, Kane spent 17 years at Goldman Sachs in the Investment Banking division.

"CVS Health has a unique collection of assets – including the Aetna business – that provide the opportunity to improve access to quality health care for all Americans," said Kane. "My focus will be working with talented colleagues across the organization to help build on existing efforts to make health care simple, personalized and affordable."

Kane replaces Daniel Finke, who is stepping down for health reasons. Finke has played a critical role in the growth and success of several Aetna businesses over the course of his nearly 10-year tenure. During his career he consistently supported the evolution of consumer-focused care and was an advocate for the company's efforts to address health care disparities. Finke will work with Kane to ensure a seamless transition in September.

About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.

Media contact
T.J. Crawford
212-457-0583
CrawfordT2@CVSHealth.com

Investor contact
Larry McGrath
800-201-0938
investorinfo@cvshealth.com

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SOURCE CVS Health

FAQ

Who is Brian Kane in relation to CVS Health?

Brian Kane has been appointed as Executive Vice President and President of Aetna effective September 1, 2023.

When does Brian Kane officially start at CVS Health?

Brian Kane will officially start on September 1, 2023.

What was Brian Kane's role before joining CVS Health?

Before joining CVS Health, Brian Kane served as CFO of Humana and worked as a strategic consultant.

What impact does Brian Kane's appointment have on Aetna?

Kane's appointment is expected to drive operational improvements and enhance health care accessibility.

Why did Daniel Finke step down from Aetna?

Daniel Finke stepped down from Aetna due to health reasons.