Prognosis
CVS Pushes Out Former Aetna Chief as It Shrinks Board
- Bertolini won’t be renominated as director of health giant
- CVS says with deal closed it was ‘right time’ to part ways
A sign outside a CVS Health Corp. store in Chicago
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
The former chief executive officer of Aetna said he was pushed off the board of CVS Health Corp., which bought the health insurer in a $68 billion deal a year and a half ago.
Mark Bertolini said he had offered to remain on CVS’s board past his current term, but that he wasn’t renominated. Known as a highly visible and outspoken executive, he steered Aetna from 2010 until he sold it to CVS in 2018.