During the 2023 Forbes Healthcare Summit held at Jazz at Lincoln Center in New York City on December 4, Karen S. Lynch spoke at the event. On Friday, CVS Health announced the appointment of longtime executive David Joyner as its new CEO, succeeding Karen Lynch, who stepped down from her position at the struggling healthcare company.
David Joyner, currently serving as the president of CVS Caremark, the company’s pharmacy benefit manager, will assume the roles of president and CEO effective immediately. This leadership change follows a series of profit forecast reductions throughout the year, attributed to challenges in the company’s insurance division, particularly the rising medical costs.
The Wall Street Journal was the first to report this development. Updates will follow as more information becomes available.
