Becker's Healthcare October 18, 2024
CVS Health appointed David Joyner president and CEO, effective Oct. 17, replacing Karen Lynch, who stepped down from the position.
Mr. Joyner most recently served as executive vice president of CVS Health and president of CVS Caremark. He led the pharmacy services business, which serves about 90 million members through Caremark, CVS Specialty and other areas. He also joined the board of directors, and Board Chair Roger Farah was named executive chair.
The CEO move comes as CVS has struggled to control costs in its health insurance businesses and its retail pharmacies have struggled. Shares in the company dropped by about 24% this year, according to The Wall Street Journal.
“The board believes this is the right...
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