Karen S. Lynch speaks during the 2023 Forbes Healthcare Summit at Jazz at Lincoln Center on December 04, 2023, in New York City.
Taylor Hill | Getty Images Entertainment | Getty Images
CVS Health is naming longtime executive David Joyner as its new CEO, as Karen Lynch steps down from the helm of the struggling healthcare giant, the company said on Friday.
Joyner, who is the president of the company’s pharmacy benefit manager CVS Caremark, takes over as president and CEO from Friday, the company said.
The change comes on the back of repeated profit forecast cuts this year as the company’s insurance segment has struggled with rising medical costs.
The Wall Street Journal had first reported the news.
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