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• Dollar Tree, Inc. announced that Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020, is stepping down from the Board and leaving the Company. Executive Chairman Rick Dreiling will expand his role to assume the position of Chief Executive Officer, effective January 29.
• From Bloomberg:
" CVS Health Corp. will name a new head for the company’s pharmacy services business and fill a new position, chief product officer for consumer businesses, according to a person familiar with the matter.
"David Joyner, a former CVS executive, will return to the company as head of the pharmacy services segment after leaving three years ago. He’ll replace Alan Lotvin, who is retiring in April. The area he’ll lead includes pharmacy benefit manager Caremark.
"Amy Bricker, former head of Cigna Corp.’s Express Scripts pharmacy benefits unit, will become chief product officer — consumer. She’ll focus on product development for CVS’s consumer health-care businesses."
The story notes that "CVS competes with Cigna in health insurance and pharmacy benefits, among other markets. Under Bricker, Cigna’s Express Scripts recently beat out CVS for a contract to manage about $40 billion of pharmacy spending for Medicaid-focused insurer Centene Corp."
