CVS taps former UnitedHealth executive to run insurance unit Aetna

By Yahoo! Finance | Nov 6, 2024 at 06:47 AM EST

CVS Health appointed Steve Nelson to lead its Aetna business due to challenges managing rising medical costs. The company faced investor pressure and announced a $1.2 billion restructuring plan. CVS reported a third-quarter profit decline and named Prem Shah as president.

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