Schapiro joins the 11 directors re-elected during the CVS Health annual shareholders meeting last month.
“We welcome Mary’s extraordinary record of leadership and unmatched commitment to investor protection and sound financial policy,” chairman David Dorman said in a written statement. “Her extensive knowledge of the U.S. financial and regulatory landscape and understanding of corporate governance and complex financial infrastructure will be of great value to the board and benefit to CVS Health and its stockholders.”
Schapiro is the first woman to have led the SEC. She served as chair from January 2009 through December 2012.
Before chairing the SEC, Schapiro served as chief executive of the Financial Industry Regulatory Authority, the largest nongovernmental regulator of securities firms. Earlier, she chaired the Commodity Futures Trading Commission (CFTC) and served as an SEC commissioner. She is the only person to have served as chairman of both the SEC and the CFTC. Schapiro is vice chair of Promontory Advisory Board, part of Promontory Financial Group, a strategy, risk management and regulatory compliance firm that was acquired by IBM Corp. in November.
Re-elected to the CVS board of directors were Richard Bracken; C. David Brown II; Alecia DeCoudreaux; Dorman; Nancy-Ann DeParle; Anne Finucane; Larry Merlo; Jean-Pierre Millon; Richard Swift; William Weldon; and Tony White.