CVS Health CEO Karen Lynch resigns amid falling shares and disappointing Q3 earnings.

CVS Health CEO Karen Lynch has resigned amid the company's struggles, with shares falling 19% this year and disappointing earnings reported for the third quarter. David Joyner, a seasoned CVS executive, will take over as interim CEO, tasked with addressing rising healthcare costs and declining drugstore sales. CVS has revised its financial outlook multiple times this year, raising concerns among investors as it seeks to regain market stability.

October 18, 2024
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