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David Joyner | |
|---|---|
| Born | 1964 (age 60) |
| Alma mater | Texas Tech University (BBA) |
| Title | CEO, CVS Health |
| Term | 2024–present |
| Predecessor | Karen S. Lynch |
| Spouse | Carrie Joyner |
| Website | cvshealth.com |
J. David Joyner (born 1964) is an American business executive. He is the president and chief executive officer of CVS Health, and the former president of CVS Caremark.
Personal life
[edit]Joyner earned a Bachelor of Business Administration in finance from Texas Tech University in 1986.[1] There, he became a member of the Phi Delta Theta fraternity.[2][3]
He is a partial owner of the Lubbock Matadors SC.[4]
Career
[edit]He first worked at Aetna before joining CVS 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 the Rawls 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 replaced Karen S. Lynch.[10] Reuters reported that Joyner was appointed after pressure from investors over low company share price.[7]
2024 Congressional testimony
[edit]In July 2024, he testified before the United States House Committee on Oversight and Accountability about pharmacy benefit managers and prescription drug markets.[11] Representative James Comer (R–KY) 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]
See also
[edit]References
[edit]- ^ a b c "David Joyner". Rawls College of Business Texas Tech University. Archived from the original on December 6, 2024. Retrieved December 6, 2024.
- ^ "Phi Delta Theta". Facebook. October 23, 2024. Archived from the original on December 7, 2024. Retrieved December 7, 2024.
- ^ "The Phi Delta Theta Foundation 2020 Annual Report". Isuu. Phi Delta Theta. August 30, 2021. p. 53. Retrieved December 7, 2024.
- ^ "OWNERSHIP — Lubbock Matadors SC". archive.ph. December 7, 2024. Retrieved December 8, 2024.
- ^ "CVS Names New Leaders for Pharmacy Services, Consumer Products". Bloomberg.com. January 23, 2023. Retrieved December 6, 2024.
- ^ Tulfo, Erika (October 18, 2024). "CVS names new CEO in the wake of layoffs and poor stock performance". cnn.com. CNN. Retrieved October 20, 2024.
- ^ a b Roy, Sriparna; Leo, Leroy (October 19, 2024). "CVS names Joyner as CEO under investor pressure, withdraws profit forecast". Reuters. Retrieved December 6, 2024.
- ^ "CVS Health CEO Karen Lynch steps down, replaced by David Joyner, after 19% stock plunge". cbsnews.com. CBS News. October 18, 2024. Retrieved October 20, 2024.
- ^ Constantino, Annika Kim; Pramuk, Jacob (October 18, 2024). "CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer". CNBC. Retrieved December 6, 2024.
- ^ Lavin, Nancy (October 18, 2024). "CVS Health is hurting. Will a new CEO cure its financial ills?". Retrieved December 6, 2024.
- ^ Comer, James (August 28, 2024). "Letter to Joyner FINAL re PBM Hearing Testimony" (PDF). United States House of Representatives Committee on Oversight and Accountability. Retrieved December 7, 2024.
- ^ Pifer, Rebecca (August 29, 2024). "PBM executives threatened with fines and jail time for alleged perjury in House hearing". Healthcare Dive. Retrieved December 6, 2024.
- ^ Pifer, Rebecca (September 12, 2024). "PBM executives decline to revise controversial testimony to House committee". Healthcare Dive. Retrieved December 6, 2024.
- ^ Armstrong, Drew (September 11, 2024). "CVS says it won't correct congressional testimony". Endpoints News. Retrieved December 6, 2024.(subscription required)
External links
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