CVS Health - Donnecommebernard

CVS names Joyner CEO and withdraws profit forecast amid pressure from investors

October 18, 2024 | angela | Leave a Comment

By Sriparna Roy and Leroy Leo (Reuters) – CVS Health on Friday replaced CEO Karen Lynch with David Joyner, a CVS veteran who retired before returning to the company last year after investors including activist Glenview Capital pressured the company , to improve its stagnant share price. The company also withdrew its 2024 forecast and […]

The Fortune 500's highest-ranking female CEO, Karen Lynch, has left CVS

October 18, 2024 | angela | Leave a Comment

After a rather hectic reign, Karen Lynch was appointed CEO of CVS Pharmacy Corp. replaced by long-time managing director David Joyner. Before her departure, Lynch was the highest-ranking female CEO on the Fortune 500, with CVS ranking No. 6 overall on that list. Although she is just one person, her departure is a blow to […]

Events leading up to CEO Lynch's departure from CVS Health

October 18, 2024 | angela | Leave a Comment

(Reuters) – CVS Health CEO Karen Lynch is stepping down after nearly four years at the helm as the health care group faces pressure from shareholders to improve its business performance. Lynch, who led Aetna's insurance division before taking over as CEO, will be replaced by company veteran David Joyner. CVS stock has lost nearly […]

CVS ousts CEO Karen Lynch and names Caremark boss as new boss

October 18, 2024 | angela | Leave a Comment

CVS Health Corp. named David Joyner as its new CEO, ending a turbulent tenure for current CEO Karen Lynch at the pharmacy giant. According to a press release on Friday, long-time managing director Joyner, 60, took over the position on Thursday. The move comes after the company repeatedly missed its profit targets, sparking unrest among […]

CVS Health CEO Karen Lynch will be replaced by Caremark PBM CEO David Joyner

October 18, 2024 | angela | Leave a Comment

CVS Health CEO Karen S. Lynch speaks Monday, Dec. 4 at The Jazz at Lincoln … (+) Center in New York. Jamel Toppin CVS Health announced Friday that Chief Executive Officer Karen Lynch has resigned as the company's top executive and will be replaced by David Joyner, who previously ran the company's pharmacy benefits business […]

CVS will cut nearly 3,000 jobs as it plans AI investments — and is considering a breakup

October 2, 2024 | angela | Leave a Comment

CVS Health Corporation (CVS) will cut approximately 2,900 jobs as part of a $2 billion, multi-year cost-savings initiative aimed at reducing spending and increasing investment in technology. “To achieve this goal and position ourselves for sustainable growth, we will reduce our workforce by less than 1 percent – approximately 2,900 colleagues at CVS Health,” a […]