Ed DeVaney named President of CVS Caremark
CVS Health (NYSE: CVS) has appointed Ed DeVaney as president of CVS Caremark, its pharmacy benefit management business, following his interim role since December 2024. DeVaney, who will report to Group President Prem Shah, brings extensive experience from his 20-year tenure with the company.
DeVaney previously led CVS Caremark sales and account management as president of Employer & Health Plans, where he was responsible for growing and maintaining the customer base across PBM lines of business. His role included oversight of government services, coalitions, and the PBM Marketing team.
Prior to joining CVS Health in 2005, DeVaney managed client relationships at Hewitt Associates, specializing in healthcare consulting and benefits administration. His appointment comes with a focus on making prescription drugs more affordable and enhancing drug pricing transparency through innovation.
CVS Health (NYSE: CVS) ha nominato Ed DeVaney presidente di CVS Caremark, la sua attività di gestione dei benefici farmaceutici, dopo il suo ruolo ad interim iniziato nel dicembre 2024. DeVaney, che riporterà al Presidente di Gruppo Prem Shah, porta con sé una vasta esperienza derivante dai suoi 20 anni di carriera con l'azienda.
DeVaney ha precedentemente guidato le vendite e la gestione dei conti di CVS Caremark come presidente di Employer & Health Plans, dove era responsabile della crescita e della manutenzione della base clienti attraverso le linee di business PBM. Il suo ruolo includeva la supervisione dei servizi governativi, delle coalizioni e del team di marketing PBM.
Prima di unirsi a CVS Health nel 2005, DeVaney gestiva le relazioni con i clienti presso Hewitt Associates, specializzandosi nella consulenza sanitaria e nell'amministrazione dei benefici. La sua nomina si concentra sull'obiettivo di rendere i farmaci prescritti più accessibili e migliorare la trasparenza dei prezzi dei farmaci attraverso l'innovazione.
CVS Health (NYSE: CVS) ha nombrado a Ed DeVaney como presidente de CVS Caremark, su negocio de gestión de beneficios farmacéuticos, tras su papel interino desde diciembre de 2024. DeVaney, quien reportará al Presidente del Grupo Prem Shah, aporta una amplia experiencia de sus 20 años en la empresa.
DeVaney anteriormente lideró las ventas y la gestión de cuentas de CVS Caremark como presidente de Employer & Health Plans, donde era responsable de hacer crecer y mantener la base de clientes a través de las líneas de negocio de PBM. Su papel incluía la supervisión de servicios gubernamentales, coaliciones y el equipo de marketing de PBM.
Antes de unirse a CVS Health en 2005, DeVaney gestionaba relaciones con clientes en Hewitt Associates, especializándose en consultoría de atención médica y administración de beneficios. Su nombramiento se centra en hacer que los medicamentos recetados sean más asequibles y mejorar la transparencia de precios de los medicamentos a través de la innovación.
CVS Health (NYSE: CVS)는 Ed DeVaney를 CVS Caremark의 사장으로 임명했습니다. CVS Caremark는 약국 혜택 관리 사업으로, DeVaney는 2024년 12월부터 임시 역할을 맡아왔습니다. DeVaney는 그룹 사장 Prem Shah에게 보고하며, 회사에서 20년 간의 경력을 바탕으로 방대한 경험을 제공합니다.
DeVaney는 이전에 Employer & Health Plans의 사장으로서 CVS Caremark의 판매 및 계정 관리를 이끌며 PBM 비즈니스 라인 전반에 걸쳐 고객 기반의 성장 및 유지를 책임졌습니다. 그의 역할에는 정부 서비스, 연합 및 PBM 마케팅 팀에 대한 감독이 포함되었습니다.
2005년 CVS Health에 합류하기 전, DeVaney는 Hewitt Associates에서 고객 관계를 관리하며 의료 상담 및 복리후생 관리에 전문성을 쌓았습니다. 그의 임명은 처방약을 보다 저렴하게 만들고 혁신을 통해 약가 투명성을 향상시키는 데 중점을 두고 있습니다.
CVS Health (NYSE: CVS) a nommé Ed DeVaney président de CVS Caremark, son activité de gestion des prestations pharmaceutiques, après avoir occupé un rôle intérimaire depuis décembre 2024. DeVaney, qui reportera au Président de Groupe Prem Shah, apporte une vaste expérience de ses 20 ans passés au sein de l'entreprise.
DeVaney a précédemment dirigé les ventes et la gestion des comptes de CVS Caremark en tant que président des Employeurs et des Plans de Santé, où il était responsable de la croissance et du maintien de la base de clients à travers les lignes d'affaires PBM. Son rôle incluait la supervision des services gouvernementaux, des coalitions et de l'équipe marketing PBM.
Avant de rejoindre CVS Health en 2005, DeVaney gérait les relations clients chez Hewitt Associates, se spécialisant dans le conseil en santé et l'administration des prestations. Sa nomination se concentre sur l'objectif de rendre les médicaments sur ordonnance plus abordables et d'améliorer la transparence des prix des médicaments grâce à l'innovation.
CVS Health (NYSE: CVS) hat Ed DeVaney zum Präsidenten von CVS Caremark, dem Geschäftsbereich für Arzneimittelmanagement, ernannt, nachdem er seit Dezember 2024 kommissarisch tätig war. DeVaney, der an den Gruppenpräsidenten Prem Shah berichtet, bringt umfassende Erfahrungen aus seiner 20-jährigen Tätigkeit im Unternehmen mit.
DeVaney leitete zuvor den Vertrieb und das Kontomanagement von CVS Caremark als Präsident von Employer & Health Plans, wo er für das Wachstum und die Pflege der Kundenbasis in den PBM-Geschäftsbereichen verantwortlich war. Zu seinen Aufgaben gehörte die Aufsicht über Regierungsdienste, Koalitionen und das PBM-Marketingteam.
Bevor er 2005 zu CVS Health kam, verwaltete DeVaney Kundenbeziehungen bei Hewitt Associates, wo er sich auf Gesundheitsberatung und Leistungsverwaltung spezialisierte. Seine Ernennung erfolgt mit dem Ziel, verschreibungspflichtige Medikamente erschwinglicher zu machen und die Preistransparenz für Medikamente durch Innovation zu verbessern.
- Internal promotion demonstrates succession planning and leadership continuity
- Appointee brings 20 years of company experience and deep industry knowledge
- Strong focus on PBM business growth and client retention
- None.
"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
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