Becker's Healthcare November 6, 2024
Jakob Emerson

CVS Health has named Prem Shah as group president and Steve Nelson as the president of Aetna, effective Nov. 6. Both will report to CVS President and CEO David Joyner.

The company also reported a major drop in third-quarter earnings, driven by headwinds at Aetna and premium deficiency reserves recorded in the third quarter related to anticipated losses in the fourth quarter.

Mr. Shah joined CVS in 2013 and has held leadership positions across the company’s pharmacy businesses, most recently serving as executive vice president, chief pharmacy officer, and president of pharmacy and consumer wellness.

Mr. Nelson served as CEO of UnitedHealthcare from 2017 to 2019 and was hired to lead JenCare in 2022, a joint venture formed in 2011...

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