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CVS to replace CEO Karen Lynch with exec David Joyner

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CVS to replace CEO Karen Lynch with exec David Joyner

CVS to replace CEO Karen Lynch with exec David Joyner

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.

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