Bruce Japsen has written about healthcare business and policy for three decades. He has covered the rise, fall and rise again of health reform, chronicling trends that include the influence of Bill and Hillary Clinton to Barack and Michelle Obama from Chicago where he's based.
CVS Health Friday said chief executive officer Karen Lynch has stepped down as the company’s top executive and will be replaced by David Joyner who has been in charge of the company’s Caremark pharmacy benefit company.
CVS said Lynch, who is 62 years old, “stepped down from her position in agreement with the company's Board of Directors.” CVS also said Joyner joined the company’s board of directors and current board chairman, Roger Farah, will now be “Executive Chairman.” The move comes just two months after Lynch took over “day-to-day management” of the company’s Aetna health insurance business after its latest poor performance. Lynch, who successfully ran Aetna for several years before she was promoted to become CVS president and chief executive in 2021, began in August to oversee the nation’s third-largest health insurer withLynch was executive vice president
In making the change, CVS board chair Farah said the company’s board “believes this is the right time to make a change, and we are confident that David is the right person to lead our company for the benefit of all stakeholders, including customers, employees, patients, and shareholders.
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