CVS CEO to step down, hand reins to Aetna chief

He will continue to serve on CVS board till May 2021 and will serve as a tactical consultant to help with the management transition. He will formally retire from CVS May 31.

” I am deeply honored to have the chance to succeed Larry and lead CVS Health on the next phase of our essential journey to fulfill Americas healthcare requirements,” Ms. Lynch stated.

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” I am exceptionally proud to have had the opportunity to lead CVS Health over the previous years as we pursue our essential purpose to assist people on their path to better health,” Mr. Merlo said.

Mr. Merlo began his profession at CVS as a community pharmacist 40 years ago and has actually served at the helm for a decade..

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The leadership transition comes two years after CVS settled its $69 billion acquisition of health insurance company Aetna.

Karen Lynch, president of CVS Aetna insurance coverage system, will succeed Mr. Merlo as CVS president and CEO, effective Feb. 1..

CVS Health President and CEO Larry Merlo will step down from his function in February.

Ms. Lynch will likewise sign up with the businesss board of directors upon presuming her new function..

Alia Paavola –
Friday, November 6th, 2020
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