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David Joyner (business executive)

From Wikipedia, the free encyclopedia
American business executive

David Joyner
Born1964 (age 61)
Alma materTexas Tech University (BBA)
TitleCEO,CVS Health
Term2024–present
PredecessorKaren S. Lynch
SpouseCarrie Joyner
Websitecvshealth.com

J. David Joyner (born 1964) is an American business executive. He is the president andchief executive officer ofCVS Health, and the former president ofCVS Caremark.

Personal life

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Joyner earned aBachelor of Business Administration in finance fromTexas Tech University in 1986.[1] There, he became a member of thePhi Delta Theta fraternity.[2][3]

He is a partial owner of theLubbock Matadors SC.[4]

Career

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He first worked atAetna before joiningCVS Caremark, eventually becoming president of the company.[1] He briefly left CVS and returned to run Caremark.[5] He is on the advisory council of theRawls College of Business.[1]

In October 2024, Joyner became the president and chief executive officer of CVS Health, along with joining the board of directors.[6][7][8][9] He replacedKaren S. Lynch.[10]Reuters reported that Joyner was appointed after pressure from investors over low companyshare price.[7]

2024 Congressional testimony

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In July 2024, he testified before theUnited States House Committee on Oversight and Accountability about pharmacy benefit managers and prescription drug markets.[11] RepresentativeJames Comer (RKY) threatened him and "leaders of the [other] three largest pharmacy benefit managers in the country with steep fines – or jail time – for allegedly lying in a recent congressional hearing."[12] In response, Joyner declined to change his testimony.[13][14]

References

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  1. ^abc"David Joyner".Rawls College of Business Texas Tech University.Archived from the original on December 6, 2024. RetrievedDecember 6, 2024.
  2. ^"Phi Delta Theta".Facebook. October 23, 2024.Archived from the original on December 7, 2024. RetrievedDecember 7, 2024.
  3. ^"The Phi Delta Theta Foundation 2020 Annual Report".Isuu. Phi Delta Theta. August 30, 2021. p. 53. RetrievedDecember 7, 2024.
  4. ^"OWNERSHIP — Lubbock Matadors SC". December 7, 2024. Archived fromthe original on December 7, 2024. RetrievedDecember 8, 2024.
  5. ^"CVS Names New Leaders for Pharmacy Services, Consumer Products".Bloomberg.com. January 23, 2023. RetrievedDecember 6, 2024.
  6. ^Tulfo, Erika (October 18, 2024)."CVS names new CEO in the wake of layoffs and poor stock performance".cnn.com.CNN. RetrievedOctober 20, 2024.
  7. ^abRoy, Sriparna; Leo, Leroy (October 19, 2024)."CVS names Joyner as CEO under investor pressure, withdraws profit forecast".Reuters. RetrievedDecember 6, 2024.
  8. ^"CVS Health CEO Karen Lynch steps down, replaced by David Joyner, after 19% stock plunge".cbsnews.com.CBS News. October 18, 2024. RetrievedOctober 20, 2024.
  9. ^Constantino, Annika Kim; Pramuk, Jacob (October 18, 2024)."CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer".CNBC. RetrievedDecember 6, 2024.
  10. ^Lavin, Nancy (October 18, 2024)."CVS Health is hurting. Will a new CEO cure its financial ills?". RetrievedDecember 6, 2024.
  11. ^Comer, James (August 28, 2024)."Letter to Joyner FINAL re PBM Hearing Testimony"(PDF).United States House of Representatives Committee on Oversight and Accountability. RetrievedDecember 7, 2024.
  12. ^Pifer, Rebecca (August 29, 2024)."PBM executives threatened with fines and jail time for alleged perjury in House hearing".Healthcare Dive. RetrievedDecember 6, 2024.
  13. ^Pifer, Rebecca (September 12, 2024)."PBM executives decline to revise controversial testimony to House committee".Healthcare Dive. RetrievedDecember 6, 2024.
  14. ^Armstrong, Drew (September 11, 2024)."CVS says it won't correct congressional testimony".Endpoints News. RetrievedDecember 6, 2024.(subscription required)

External links

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