(Reuters) – CVS Health is naming its longtime executive David Joyner as its new CEO, succeeding Karen Lynch at the helm of the struggling healthcare giant, the Wall Street Journal reported on Friday.
Joyner, who is the president of the company’s pharmacy benefit manager CVS Caremark, takes over as president and CEO from Friday, the report said.
The changes come on the back of repeated profit forecast cuts this year as the company’s insurance segment has struggled with rising medical costs.
(Reporting by Leroy Leo in Bengaluru; Editing by Maju Samuel)
