November 19, 2024
Todd Smith who came from GE to Wheels Up and led the company as CFO and Interim-CEO during 2023 is now at CVS.
Former Wheels Up CFO Todd Smith, who exited last month, has landed at CVS Health.
In a LinkedIn post by the retailer’s head of executive talent acquisition, Susan Medina-Gomez wrote, “I’m excited to welcome Todd Smith to #TeamCVS! Todd has been named CFO Pharmacy Services and SVP Corporate Finance for CVS Health. In this new role, Todd will have dual responsibility – leading the Pharmacy Services finance organization as well as overseeing several corporate finance functions, including treasury, investments, and shared services.”
Smith joined Wheels Up as CFO from GE in June 2022 as the company hit financial turbulence.
Growing losses offset record revenue gains.
In May 2023, Smith moved to the corner office as Interim CEO after Founder, Chairman, and CEO Kenny Dichter stepped aside.
His appointment came as the fourth-largest fractional/charter operator battled reports it could file for bankruptcy protection.
A filing could have left its over 10,000 members as unsecured creditors.
READ: What happens to your jet card and private jet membership deposits?
However, Smith helped secure a $500 million Delta Air Lines-led investment in the private jet flight provider.
Smith returned to his CFO role when Delta Board Member George Mattson was named Wheels Up CEO.
In its Q2 2024 earnings call, Smith affirmed Wheels Up expects to reach positive EBITDA by year’s end.
Wheels Up announced Smith’s departure in August but declined to say where he was headed.
CVS Health is ranked 6th on Fortune 500 list.
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