CVS Health announced Friday that it replaced CEO Karen Lynch with David Joyner, who is now the both the CEO and acting president of the healthcare company.
Lynch stepped down in agreement with the major pharmacy chain’s board of directors, a company press release published Friday reads. Third-quarter earnings fell below analyst estimates, Reuters reported. Shares of CVS were down 6 to 7 percent as of Friday early afternoon.
BREAKING: CVS Health’s announced their CEO has stepped down
CVS has plunged ~50% from its 2022 highs and is ⬇️7% today after this news and also lowering earnings projections
This comes on the back of the news that Walgreens will close ~1,200 locations by 2027 and 7-Eleven will…
— Triple Net Investor (@TripleNetInvest) October 18, 2024
“The Board believes this is the right time to make a change, and we are confident that David is the right person to…
