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CVS to replace CEO Karen Lynch with exec David Joyner as profits, share price suffer

by Editor October 18, 2024, 11:07 am 169 Views

CVS to replace CEO Karen Lynch with exec David Joyner as profits, share price suffer

A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023.

Faith Ninivaggi | Reuters

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

The move, effective Thursday, comes as CVS shares have fallen nearly 20% this year.

CVS has…

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