Ed DeVaney named President of CVS Caremark

Group 1 - CVS Health appointed Ed DeVaney as president of CVS Caremark pharmacy benefit management business, having previously served as interim president since December 2024 [1][2] - DeVaney emphasized the critical role of pharmacy benefit managers (PBMs) in enhancing drug affordability and access, highlighting the need for greater drug pricing transparency through innovation [2] - DeVaney has been with CVS Health since 2005, advancing through various roles, including leading sales and account management for CVS Caremark, and has a background in health care consulting and benefits administration [2] Group 2 - CVS Health is recognized as a leading health solutions company, with a workforce of over 300,000, including more than 40,000 healthcare professionals [3] - The company aims to improve health outcomes by enhancing access to affordable health services and supporting individuals in managing chronic diseases and medication compliance [3] - CVS Health positions itself as a trusted partner in navigating the healthcare system, focusing on lowering costs and improving access to care [3]