Forbes November 6, 2024
New CVS Health chief executive officer David Joyner promoted an internal executive, Prem Shah, as group president of the company and hired former UnitedHealth Group executive Steve Nelson to run Aetna, the nation’s third largest health insurer.
The appointments, announced Wednesday, come on a day CVS reported net income of just $87 million, or 7 cents a share, in the third quarter ended Sept. 30. That’s a huge drop off from the third quarter of last year when the company had net income of more than $2.2 billion, or $1.75 per share.
The third quarter is the first earnings report issued under Joyner, who was promoted less than a month ago to replace Karen S. Lynch, who stepped down. CVS...
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