WOONSOCKET, R.I. – CVS Health announced that its board of directors has appointed David Joyner, the company’s president and chief executive officer, as chair of the board effective January 1, 2026. Following this transition, Michael Mahoney will continue in his role as lead independent director, while Roger Farah, currently serving as executive chair, will remain a member of the board.
Joyner was named president and CEO of CVS Health in October 2024, and has led significant operational, financial and cultural improvements in the company's performance over the past year. In recognition of his leadership, nearly 40 years of experience in the health care industry, and the company's future growth opportunities, the board determined Joyner should also serve as chair of the board.
"David has sparked a renewed focus and energy for CVS Health in our commitment to be the most trusted health care company in America," said Farah. "The board believes in the leadership that David and his team have demonstrated. We have determined that now is the right time to have one leader with deep industry experience in the combined chair and CEO roles, and that this structure will provide the best opportunity to execute on our long-term strategy and create stockholder value. We are bullish on the future of CVS Health in delivering a simpler care experience and better health across our country."
"I am honored to lead our more than 300,000 colleagues who are resolutely driven to simplify health care, one person, one family, and one community at a time," said Joyner. "Our collection of businesses delivers best what people want most: a coordinated and connected approach to health care that is accessible, affordable and available on your terms. We are confident in our future because of the commitment of our colleagues to care for their friends, families and neighbors.
"I am grateful to Roger for his support and guidance as I took on the role of president and CEO. His ongoing counsel is valuable to me, the board and our leadership team, as we continue to navigate a dynamic environment and drive our strategy."
