Comment on CVS Health CEO Lynch steps down as national chain struggles to right its path

CVS Health CEO Lynch steps down as national chain struggles to right its path

CVS Health CEO Karen Lynch has stepped down with company shares sinking 19% this year and the health care giant struggling on several fronts. Company shares tumbled early Friday after CVS Health also said its third-quarter earnings will come in well below Wall Street expectations. Lynch will be replaced by CVS executive David Joyner, who will attempt to steer the company through rising costs to its health insurance business, slumping drugstore sales and growing investor pressure.

 

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