Forbes October 18, 2024
CVS Health Friday said chief executive officer Karen Lynch has stepped down as the company’s top executive and will be replaced by David Joyner who has been in charge of the company’s Caremark pharmacy benefit company.
The news comes as CVS Health has struggled to control healthcare costs in its health insurance businesses and its retail pharmacies have struggled, contributing to the company’s sagging share price.
CVS said Lynch, who is 62 years old, “stepped down from her position in agreement with the company’s board of directors.” CVS also said Joyner joined the company’s board of directors and current board chairman, Roger Farah, 71, a former executive at jewelry retailer Tiffany and luxury fashion company Ralph Lauren, will now be...
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