Pharmacy Retailer CVS Health Backs Away From Annual Forecast, Names New CEO
On Friday, CVS Health Inc (NYSE:CVS) appointed longtime executive David Joyner as its new president and CEO, replacing Karen Lynch amid the company’s ongoing financial struggles. Joyner, previously president of CVS Caremark and an executive vice president at the company, steps into this leadership role as Roger Farah, CVS’s board chairman, assumes the executive chair position. The company warned that its upcoming third-quarter earnings, set for release on November 6, will miss Wall Street projec