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    • CVS Health

    CVS names Joyner CEO and withdraws profit forecast amid pressure from investors
    Enterprise

    CVS names Joyner CEO and withdraws profit forecast amid pressure from investors

    By Sriparna Roy and Leroy Leo (Reuters) – CVS Health on Friday replaced CEO Karen Lynch with David Joyner, a CVS veteran who retired before returning to the company last year after investors including activist Glenview Capital pressured the company…

    Posted on Idris Bevan
    Events leading up to CEO Lynch’s departure from CVS Health
    Enterprise

    Events leading up to CEO Lynch’s departure from CVS Health

    (Reuters) – CVS Health CEO Karen Lynch is stepping down after nearly four years at the helm as the health care group faces pressure from shareholders to improve its business performance. Lynch, who led Aetna’s insurance division before taking over…

    Posted on Idris Bevan
    David Joyner replaces Karen Lynch; Share price slide
    Enterprise

    David Joyner replaces Karen Lynch; Share price slide

    CVS Health announced Friday that it has named David Joyner president and chief executive officer, effective Oct. 17. Joyner replaces Karen Lynch, who the company said “has resigned from her position in consultation with the Company’s Board of Directors.” Joyner…

    Posted on Idris Bevan
    Pharmacy retailer CVS Health deviates from annual forecast and names new CEO
    Enterprise

    Pharmacy retailer CVS Health deviates from annual forecast and names new CEO

    Pharmacy retailer CVS Health deviates from annual forecast and names new CEO On Friday, CVS Health Inc (NYSE:CVS) named long-time CEO David Joyner replaced as the new President and CEO Karen Lynch amid the company’s ongoing financial difficulties. Joyner, previously…

    Posted on Idris Bevan
    CVS is considering a separation. What does this mean for the large healthcare company?
    Tennessee

    CVS is considering a separation. What does this mean for the large healthcare company?

    With CVS (CVS) reportedly considering a split of its vertical divisions, the healthcare industry could be heading toward the end of an era of integrated divisions. The reports make CVS the second vertically integrated healthcare retailer of its kind in…

    Posted on Eira Gwyneth
    CVS Health will lay off nearly 3,000 employees, mostly in corporate ranks
    Massachusetts

    CVS Health will lay off nearly 3,000 employees, mostly in corporate ranks

    On Tuesday, CVS Health announced that the pharmacy chain would lay off nearly 3,000 employees. “We have launched a multi-year initiative to achieve $2 billion in cost savings by reducing costs and investing in technology to improve the way we…

    Posted on Idris Bevan
    CVS will cut nearly 3,000 jobs as it plans AI investments — and is considering a breakup
    Duluth

    CVS will cut nearly 3,000 jobs as it plans AI investments — and is considering a breakup

    CVS Health Corporation (CVS) will cut approximately 2,900 jobs as part of a $2 billion, multi-year cost-savings initiative aimed at reducing spending and increasing investment in technology. “To achieve this goal and position ourselves for sustainable growth, we will reduce…

    Posted on Eira Gwyneth
    CVS Health plans to lay off nearly 3,000 workers
    Duluth

    CVS Health plans to lay off nearly 3,000 workers

    CVS Health is laying off about 2,900 employees across the company and the affected positions are “primarily corporate functions,” Mike DeAngelis, executive director of corporate communications, confirmed to USA TODAY on Tuesday. “Our industry faces ongoing disruption, regulatory pressures and…

    Posted on Eira Gwyneth

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