CVS CEO Steps Down
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CVS Caremark president David JoynerCBS News
•CVS Health CEO Karen Lynch steps down, replaced by David Joyner, after 19% stock plunge
84% Informative
CVS Health CEO Karen Lynch steps down after company warns third-quarter earnings will fall short of Wall Street's forecasts.
Lynch will be replaced by CVS Caremark president David Joyner , who will also join the company's board.
Shares fall 9.9% to $ 57.40 in pre-market trading, a decline that comes after the stock had already shed 19% this year .
CVS had cut its financial expectations for the third time in August .
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