CVS Health’s CFO Is Leaving as Pharmacy Chain Faces Activist Investor 

CVS Health Corp. is shaking up its management ranks as newly installed Chief Executive Officer David Joyner tries to put his stamp on the health-care conglomerate.

Thomas Cowhey, the current CFO, will step down from his role and become an adviser to Joyner, the company said on Tuesday, confirming an earlier Bloomberg News report. He will be succeeded by former United Parcel Service Inc. CFO Brian Newman, effective April 21.