CVS Appoints David Joyner as New CEO, Withdraws Profit Forecast

CVS Appoints David Joyner as New CEO, Withdraws Profit Forecast
People walk by a CVS pharmacy store in New York, on Nov. 17, 2021. Andrew Kelly/Reuters
Wim De Gent
Updated:
0:00

Amid layoffs and poor stock performance, America’s largest drug-store chain replaced CEO Karen Lynch with David Joyner, a longtime former executive who returned to the company from retirement last year.

The company also withdrew its 2024 forecast and gave an outlook for third-quarter earnings far below analyst estimates.

Wim De Gent
Wim De Gent
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Wim De Gent is a writer for NTD News, focusing primarily on U.S. and world stories.
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