November 6, 2020 – CVS Health Corporation (Woonsocket, RI) announced that its board of directors appointed Karen S. Lynch, currently EVP of CVS Health and president of Aetna, as the company’s next president and CEO, effective February 1, 2021.
Prior to joining Aetna in 2012, she was President of Magellan Health Services, a diversified health services company, and held various senior executive positions at Cigna.
Lynch will also join the company’s board of directors upon assuming her new role. Larry J. Merlo will transition from the president and CEO role on February 1, 2021, after beginning his career with the company as a community pharmacist more than 40 years ago, and serving as president and CEO for a decade.
Merlo will continue to serve on CVS Health’s Board of Directors until the company’s next Annual Meeting of Stockholders in May 2021, and as Strategic Advisor to assist with the transition until his retirement on May 31, 2021.