CVS Health (NYSE: CVS) taps Teresa Heitsenrether for board after Robbins exit
Rhea-AI Filing Summary
CVS Health Corporation reported changes to its Board of Directors. On August 13, 2026, Larry M. Robbins resigned from the Board, effective immediately, with the company stating his departure did not result from any disagreement over operations, policies or practices. On August 17, 2026, the Board appointed Teresa Heitsenrether, Executive Vice President and Chief Data & Analytics Officer of JPMorgan Chase & Co., to join the Board effective November 18, 2026. She was determined to be independent under New York Stock Exchange rules and the company’s Corporate Governance Guidelines and will receive compensation consistent with other non‑employee directors, prorated to reflect her start date.
CVS Health highlighted its scale as of June 30, 2026, including approximately 9,000 retail pharmacy locations, more than 1,000 walk‑in and primary care clinics, a pharmacy benefits manager with about 87 million plan members, and health insurance products and services serving an estimated 37 million people.
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8-K Event Classification
Key Figures
Key Terms
Emerging growth company regulatory
Corporate Governance Guidelines regulatory
Regulation S-K regulatory
Inline XBRL technical
FAQ
What Board of Directors change did CVS (CVS) announce in August 2026?
Did Larry Robbins resign from the CVS (CVS) Board due to a disagreement?
Who is Teresa Heitsenrether, newly appointed to the CVS (CVS) Board?
When will Teresa Heitsenrether begin serving on the CVS (CVS) Board?
How large is CVS Health’s retail and health services footprint as of June 30, 2026?
Is Teresa Heitsenrether considered independent under CVS (CVS) governance standards?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 13, 2026, Larry M. Robbins notified the Board of Directors (the “Board”) of CVS Health Corporation (the “Company”) of his resignation from the Board, effective immediately. Mr. Robbins’ resignation was not the result of any disagreement with the Company on any matter relating to the operations, policies or practices of the Company.
On August 17, 2026, the Board appointed Teresa Heitsenrether to the Board, effective November 18, 2026.
Ms. Heitsenrether, age 61, is Executive Vice President and Chief Data & Analytics Officer of JPMorgan Chase & Co. (“JPMorgan Chase”) and is a member of JPMorgan’s Operating Committee. Prior to her current role, Ms. Heitsenrether held several senior leadership positions at JPMorgan Chase, including CEO of Securities Services and Global Head of Prime Brokerage & Equity Financing. She holds an M.B.A. from New York University and a B.S. in Finance from Fordham University.
Ms. Heitsenrether was determined by the CVS Health Board to be “independent” under the Corporate Governance Rules of the New York Stock Exchange and under the Company’s Corporate Governance Guidelines. Ms. Heitsenrether’s compensation for service as a non-employee director of CVS Health will be consistent with that of the Company’s other non-employee directors, subject to proration to reflect the commencement date of her service on the Board. The Company’s director compensation practices are described under the caption “Non-Employee Director Compensation” in the Company’s annual proxy statement filed with the U.S. Securities and Exchange Commission on April 3, 2026. There were no arrangements or understandings pursuant to which Ms. Heitsenrether was appointed to the Board. Since the beginning of the last fiscal year, there have been no related party transactions between the Company and Ms. Heitsenrether that would be reportable under Item 404(a) of Regulation S-K.
| Item 7.01. | Regulation FD Disclosure. |
On August 17, 2026, the Company issued a press release announcing the appointment of Ms. Heitsenrether to the Board and Mr. Robbins’s resignation from the Board. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Item 7.01 shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number |
Description | |
| 99.1 | Press Release, dated August 17, 2026 (furnished under Item 7.01). | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CVS HEALTH CORPORATION | ||
| By: | /s/ Kristina V. Fink | |
| Senior Vice President, Corporate Secretary and Chief Governance Officer | ||
Dated: August 17, 2026
Exhibit 99.1
CVS Health Announces Board Changes
| • | Teresa Heitsenrether to join the Board, bringing more than forty years of operating experience across data, analytics and technology at one of the world’s largest financial institutions |
| • | Larry Robbins to depart the Board after two years at CVS Health |
Woonsocket, R.I., August 17, 2026 – CVS Health® (NYSE: CVS) today announced the appointment of Teresa Heitsenrether to its Board of Directors and departure of Larry Robbins from its Board.
Ms. Heitsenrether joins the CVS Health Board with nearly forty years of financial services leadership experience. She currently serves as Chief Data & Analytics Officer at JPMorgan Chase & Co. and is a member of the firm’s Operating Committee. Ms. Heitsenrether will join the Board of Directors effective November 18, 2026.
“Teresa’s extensive experience leading complex global businesses and driving technology-enabled transformation will be invaluable as CVS Health continues to innovate on its path to become a consumer focused, health technology company,” said David Joyner, Chair and Chief Executive Officer of CVS Health. “We look forward to benefiting from her deep knowledge in data, analytics, artificial intelligence, operational transformation and decades of financial expertise.”
“I am excited to join the most trusted healthcare company in the country, and look forward to assisting management as they progress to the next phase in the company’s strategic journey,” said Teresa Heitsenrether.
A member of the Board since 2024, Mr. Robbins has served on the Audit and Public Policy and External Affairs Committees. His departure from the Board of Directors was effective on August 13, 2026.
“Larry joined our Board at a pivotal moment in CVS’s history and was instrumental in helping sharpen our financial and operational focus during this period of transition for the business. From day one, he has been an invaluable and collaborative member of the Board bringing a focused financial perspective and deep knowledge of the health care industry” said David Joyner, Chair and Chief Executive Officer of CVS Health. “We are grateful for Larry’s insights and commitment to help strengthen CVS over the course of these important two years, as we laid our foundation for future success.”
“Two years ago we approached CVS Health Board and Management with a proposal to refresh corporate governance, improve operating performance and restore financial flexibility and discipline,” said Larry Robbins, CEO of Glenview. “The goal was and has always remained to drive better outcomes for CVS customers, stronger opportunities for CVS associates and the restoration of value for CVS lenders and shareholders. We were honored to partner with the
Board in a process of constructive evolution that has led to a cultural renaissance at the Company, significantly improved customer experience, a commitment to technology and innovation, a fully repaired balance sheet, dramatically improved financial performance and the recruitment and elevation of many talented leaders to form the leadership group of a revitalized CVS Health.”
About Teresa Heitsenrether
Teresa Heitsenrether is Executive Vice President and Chief Data & Analytics Officer of JPMorgan Chase and a member of the firm’s Operating Committee. She brings nearly forty years of financial services leadership experience, with extensive expertise in data and analytics, artificial intelligence, technology-driven transformation, risk management and complex global operations. Prior to her current role, Heitsenrether held several senior leadership positions at JPMorgan Chase, including CEO of Securities Services and Global Head of Prime Brokerage & Equity Financing, where she led large-scale business transformations and international growth initiatives. She has been recognized by American Banker and Barron’s among the most influential women in finance and holds an M.B.A. from New York University and a B.S. in Finance from Fordham University.
About CVS Health
CVS Health is a leading health solutions company simplifying health care one person, one family and one community at a time. As of June 30, 2026, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 87 million plan members. The Company also serves an estimated 37 million people through a broad range of health insurance products and related services. The Company’s integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.