WOONSOCKET, R.I., Feb. 17,
2025 /PRNewswire/ -- Today, CVS Health® (NYSE: CVS)
named Ed DeVaney president of the
company's CVS Caremark pharmacy benefit management business. He was
named interim president in December
2024. DeVaney will report to Prem
Shah, group president, CVS Health.
"Ed's ability to build and grow a strong team culture, while
prioritizing talent development, leads to strong business results,"
said CVS Health president and CEO, David
Joyner. "His commitment shows every day in his deep
understanding of our industry, his advocacy for our business, and a
proven track record of anticipating and solving client needs."
"I am honored to take on this role and to work with our
dedicated colleagues who are focused on making prescription drugs
more affordable and delivering better care to everyone we are
privileged to serve," said DeVaney. "The role of PBMs has never
been more critical in achieving affordability and access to
medicine in our country, and our to drive greater drug pricing
transparency through innovation has never been more needed."
DeVaney joined CVS Health in 2005, growing his career across CVS
Caremark and Aetna, most recently leading CVS Caremark sales and
account management as president, Employer & Health Plans, where
he was responsible for growing and retaining our customer base
across the PBM's lines of business, including government services
and coalitions. He also was responsible for our PBM Marketing team.
Before joining CVS Health, Ed managed client relationships at
Hewitt Associates, focusing on health care consulting and benefits
administration.
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