Prem Shah named Group
President, CVS Health; Steve Nelson
named President, Aetna
WOONSOCKET, R.I., Nov. 6, 2024
/PRNewswire/ -- CVS Health (NYSE:
CVS) today announced Prem Shah will be Group
President, and will continue to report to David
Joyner, President and Chief Executive Officer. In addition,
the company announced the appointment of Steve Nelson as President, Aetna, and he will
also report to Joyner. Both appointments are effective
today.
As Group President, Shah will be responsible for the operational
performance and integrated value creation across CVS Caremark, CVS
Pharmacy, and the company's Health Care Delivery businesses.
Shah joined CVS Health in 2013 and has held leadership positions
in the pharmacy benefit management, specialty pharmacy, and
pharmacy businesses. He was most recently Executive Vice President
and Chief Pharmacy Officer, CVS Health and President, Pharmacy and
Consumer Wellness, with oversight and responsibility for the
company's omnichannel pharmacy strategy. Prior to his most recent
role, Shah held several senior leadership positions at CVS Health
where he provided strategic oversight of pharmacy functions.
"Prem is a strong operator and innovator with deep experience
across our businesses, and in his role, he will help me and the
rest of our leadership team drive improvements in our financial and
operational performance across our company," said Joyner. "I am
confident in the future of our integrated model, and that Prem and
Steve's leadership will help further position us to deliver greater
value from our integrated business model."
Nelson has deep experience leading several managed care and
health care delivery companies, and most recently served as Chief
Executive Officer of ChenMed, a leading value-based primary care
company. He is also a former Chief Executive Officer of
UnitedHealthcare, a $200 billion
division of UnitedHealth Group. During his tenure at UnitedHealth
Group, Nelson held several leadership roles leading
UnitedHealthcare's Commercial and Government businesses to
significant improvements in growth, profitability, employee
engagement and culture, and customer satisfaction.
"Steve is an industry veteran who has successfully led multiple
segments of a diverse managed care company and driven innovation
and growth throughout his career," said Joyner. "I will work
closely with him and the team, building upon and accelerating the
plan to advance Aetna forward."
About CVS Health
CVS Health® is the leading health solutions company, delivering
care like no one else can. We reach more people and improve the
health of communities across America through our local presence,
digital channels and over 300,000 dedicated colleagues — including
more than 40,000 physicians, pharmacists, nurses and nurse
practitioners. Wherever and whenever people need us, we help them
with their health — whether that's managing chronic diseases,
staying compliant with their medications or accessing affordable
health and wellness services in the most convenient ways. We help
people navigate the health care system — and their personal health
care — by improving access, lowering costs and being a trusted
partner for every meaningful moment of health. And we do it all
with heart, each and every day. Follow @CVSHealth on social
media.
Media contact
Ethan Slavin
860-273-6095
Ethan.Slavin@CVSHealth.com
Investor contact
Larry McGrath
800-201-0938
InvestorInfo@CVSHealth.com
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SOURCE CVS Health
