April 7 (Reuters) - CVS Health's ( CVS ) chief financial

officer, Thomas Cowhey, intends to step down, Bloomberg News

reported on Monday, amid the health insurer's ongoing efforts to

effect a turnaround spearheaded by CEO David Joyner.

Bloomberg, citing people familiar with the situation, said

the timing of Cowhey's departure was unclear but did not give a

reason for the CFO leaving.

CVS declined to comment to Bloomberg and did not immediately

respond to a Reuters email for comment.

Cowhey was appointed CFO in January 2024 after holding the

position on an interim basis since October 2023.

CVS, facing financial struggles over the past few years and

pressure from investors, missed its earnings targets for the

first three quarters of 2024.

It also withdrew its annual forecast as it announced

Joyner's appointment last October.

The new CEO laid out cost-cutting plans and named a new

insurance head to help navigate one of the most challenging

periods in the company's six-decade history.

In February, CVS eventually managed to beat Wall Street

estimates for fourth-quarter profit and provided an annual

forecast that largely met expectations.