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CVS to replace CEO Karen Lynch with exec David Joyner as profits, share price suffer

  • CVS Health CEO Karen Lynch has stepped down as the company's shares have decreased by 19% this year, indicating struggles within the national drugstore chain.
  • David Joyner will replace Lynch, aiming to navigate the company through worsening medical cost challenges.
  • CVS also announced Chairman Roger Farah has become executive chairman, with the board expressing confidence in Joyner's leadership for stakeholders.
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