CVS Health Names Tilak Mandadi Executive Vice President and Chief Data, Digital and Technology Officer
Rhea-AI Summary
CVS Health has appointed Tilak Mandadi as Executive Vice President and Chief Data, Digital and Technology Officer, effective July 25. He will oversee the company's digital strategy and aim to enhance consumer-focused experiences. Mandadi, previously with MGM Resorts International, brings extensive experience from Disney and American Express. CVS serves over 44 million unique digital customers and aims to integrate digital solutions to improve the health care experience. This move underscores CVS's commitment to utilizing technology for growth and customer engagement.
Positive
- Appointment of Tilak Mandadi as Chief Data, Digital and Technology Officer.
- Focus on enhancing digital-led consumer experiences and services.
- CVS serves over 44 million unique digital customers, indicating strong consumer engagement.
Negative
- None.
News Market Reaction – CVS
In the trading session that priced this news, CVS gained 0.48%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOONSOCKET, R.I., July 8, 2022 /PRNewswire/ -- CVS Health (NYSE: CVS) has appointed Tilak Mandadi as Executive Vice President and to the newly created role of Chief Data, Digital and Technology Officer, effective July 25. Mandadi will be responsible for the company's data, digital and technology strategy while overseeing growth and innovation through digital-led, consumer-focused experiences and services.
"Technology is a catalyst for value-creation and growth at CVS Health," said CVS Health President and CEO Karen S. Lynch. "It is crucial that we continue to enhance customer engagement and experiences, and we're confident Tilak will drive these efforts as we prioritize serving consumers wherever and whenever they need health care."
Mandadi joins CVS Health from MGM Resorts International where he served as Chief Strategy, Innovation & Technology Officer. Prior to that, he served in senior digital strategy roles for Disney Parks, Experiences and Products, and American Express.
"CVS Health serves more than 44 million unique digital customers and is increasingly integrating digital solutions into the consumer health care experience," said Mandadi. "I look forward to helping make health care more seamless, convenient, and personalized, and driving business agility and growth through technology, data, digital and experiential innovations."
Mandadi will become a member of the company's executive leadership team and will report directly to Lynch. He holds a master's degree in computer science from the University of Oregon.
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. Learn more at www.cvshealth.com.
Media contact
T.J. Crawford
212-457-0583
CrawfordT2@CVSHealth.com
Investor contact
Thomas F. Cowhey
860-273-2402
Thomas.Cowhey@CVSHealth.com
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SOURCE CVS Health