Meet New CVS CEO Karen Lynch: 14 Things to Know

Karen Lynch is set to take over as the new CEO of CVS Health (NYSE:CVS) as current CEO Larry Merlo prepares to retire.

the exterior of a CVS pharmacy store
Source: Jonathan Weiss /

Here’s what CVS investors need to know about the new CEO.

  • Lynch will take over as the next CEO of CVS starting on Feb. 1, 2021.
  • She will also join the company’s Board of Directors at this time.
  • Merlo will remain on the Board until its May 2021 Annual Meeting of Stockholders.
  • Following this, he will serve as Strategic Advisor until the end of May to ensure a smooth transition before retiring.
  • Lynch’s current roles at CVS include executive vice president of CVS Health and President of Aetna.
  • She has been vital to the company’s integration of Aetna into its business.
  • Her work resulted in a 30% growth for Medicare Advantage membership in 2019.
  • Her work history includes eight total years with Aetna.
  • Prior to that, she worked for a couple of other healthcare companies.
  • That includes serving as the President of Magellan Health Services.
  • Lynch also held several executive leadership positions during her time with Cigna (NYSE:CI).
  • Outside of CVS, Lynch also currently holds a Board seat at U.S. Bancorp and is the chair of its Audit Committee.
  • She has also been named one of Fortune’s Most Powerful Women in Business from 2016 to 2020.
  • The new CVS CEO also holds a position on Business Insider’s Top 100 People Transforming Business.

CVS stock was up 6.2% as of Friday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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