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User:Chefmikesf/sandbox/Karen S. Lynch

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Karen S. Lynch (nee Rohan, born December 30, 1963) is an American businesswoman and the president and chief executive officer of CVS Health. In 2021, she became the highest-ranking female chief executive on the Fortune 500 list.[1] Lynch serves on the board of directors of AHIP, CVS Health and U.S. Bancorp. In 2015, she became the first female president of Aetna. She has held executive positions at Magellan Health Services and Cigna.

Karen S. Lynch
Chief Executive Officer CVS Health
Incumbent
Assumed office
February 1, 2021
Preceded byLarry J. Merlo
Personal details
Born (1963-12-30) December 30, 1963 (age 60)
Ware, Massachusetts, U.S.
SpouseKevin Lynch
EducationBoston College (BS)
Boston University(MBA

Early life and education

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Lynch was born on December 30, 1963, in Ware, Massachusetts.[2] She attended Ware Junior/Senior High School and graduated in 1980.[3] Lynch attended Carroll School of Management at Boston College, where she received a bachelor’s degree in Accounting and has a Certified Public Accountant (CPA) certification.[4] Upon graduating, she started her financial career in the Boston office of Ernst & Young, where she specialized in insurance.[5][6]

Career

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Lynch credits her chosen career path in health care to her family life experiences.[7] She spent nearly a decade in insurance before returning to graduate school to pursue her MBA, saying, "I wanted to broaden my financial background to have more exposure to the business aspects of running a company."[8] She earned a Master of Business Administration (MBA) from The Questrom School of Business at Boston University.[9]

In 2004, Lynch was appointed president of Cigna Dental.[10] The following year, she was named to a newly-created position that combines leadership of Cigna Group Insurance and Cigna Dental.[11] She left Cigna in 2009 to become president of Magellan Health Services.[12][13]

Lynch left Magellan in 2012 to join Aetna as executive vice president and head of Specialty Products.[14][15] Three months after joining Aetna, Lynch led the integration of Coventry Health Care, which was the largest health care acquisition at the time.[16] In 2015, Lynch became Aetna's first female president, a role she retained through the $70 billion acquisition of Aetna by CVS Health in 2018.[17][18]

During the COVID-19 pandemic, Lynch took the helm as president and chief executive officer of CVS Health on February 1, 2021, following the retirement of Larry Merlo.[19] The appointment made her the highest-ranking female CEO on the Fortune 500 list and the 40th female chief executive on the Fortune 500 list.[20][21] Under Lynch's leadership, CVS Health administered the COVID-19 vaccine in more than 40,000 long-term care facilities and in CVS Pharmacy locations in 50 states, Puerto Rico and Washington, D.C.[22]

Awards and honors

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Lynch was selected for the inaugural 2021 Forbes 50 Over 50, a list of female entrepreneurs, leaders, scientists, and creators who are over the age of 50.[23] She was awarded the 2021 Committee for Economic Development Distinguished Leadership Award, which recognizes business leaders for their contributions.[24][25] Additionally, Lynch is a board member U.S. Bancorp,[26] AHIP,[27] The Business Council,[28] Boston College Women’s Council,[29] The Business Roundtable,[30] and is an advisory board member of IBM Watson Health.[31] Lynch is a trustee of the Bushnell Center for the Performing Arts.[32]

She served as honorary co-chair of the Komen Connecticut Race for the Cure benefiting breast cancer research.[33][34] In 2021, she was ranked number one on Fortune’s Most Powerful Women in Business list.[35]

Personal life

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Lynch was raised by a single mother. Her mother died by suicide when Lynch was 12 years old.[36] Following her mother’s death, Lynch and her three siblings were raised by their aunt.[37] In Lynch’s early 20s, she lost her aunt to breast cancer, lung cancer, and emphysema.[38]

Lynch is married to Kevin M. Lynch, the founder, president and CEO of the Quell Foundation, a non-profit organization whose mission is to remove the stigma around mental health, reduce the number of suicides, overdoses, and the incarceration of those with mental illness.[39][40]

References

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  1. ^ "CVS Health CEO Karen Lynch is the most powerful woman in American business". Fortune. Retrieved 2021-11-01.
  2. ^ "LYNCH Karen S. - biography, news, photos, date of birth, press dossier. Personalities GlobalNY.biz". globalny.biz. Retrieved 2021-11-01.
  3. ^ "Karen Lynch, native of Ware, makes list of Fortune's 'Most Powerful Women'". masslive. 2016-09-13. Retrieved 2021-11-01.
  4. ^ "Deep-Rooted passion for healthcare drives Aetna's Lynch". DistilINFO HealthPlan. 2015-10-06. Retrieved 2021-11-01.
  5. ^ Pflanzer, Erin Brodwin, Emma Court, Lydia Ramsey. "INTRODUCING: The 10 people transforming healthcare". Business Insider. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ^ "Deep-Rooted passion for healthcare drives Aetna's Lynch". DistilINFO HealthPlan. 2015-10-06. Retrieved 2021-11-01.
  7. ^ Pflanzer, Erin Brodwin, Emma Court, Lydia Ramsey. "INTRODUCING: The 10 people transforming healthcare". Business Insider. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  8. ^ "Deep-Rooted passion for healthcare drives Aetna's Lynch". DistilINFO HealthPlan. 2015-10-06. Retrieved 2021-11-01.
  9. ^ Republican, Jim Russell | Special to The (2020-11-12). "Karen Lynch, raised in Ware, tapped to lead CVS Health Corp". masslive. Retrieved 2021-11-01.
  10. ^ "Cigna Dental Has New President". Hartford Courant. 2004-04-16. p. 48. Retrieved 2021-11-01.
  11. ^ "Cigna Fills A New Position". Hartford Courant. 2005-11-17. pp. E03. Retrieved 2021-11-01.
  12. ^ Singer, Kenneth R. Gosselin, Stephen. "Aetna executive Karen S. Lynch will become CEO of CVS Health". courant.com. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  13. ^ "Welcome | HealthLeaders Media". www.healthleadersmedia.com. Retrieved 2021-11-01.
  14. ^ Pflanzer, Erin Brodwin, Emma Court, Lydia Ramsey. "INTRODUCING: The 10 people transforming healthcare". Business Insider. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  15. ^ "Karen Lynch, native of Ware, makes list of Fortune's 'Most Powerful Women'". masslive. 2016-09-13. Retrieved 2021-11-01.
  16. ^ "LEADERS Interview with Karen S. Lynch, President, Aetna". www.leadersmag.com. Retrieved 2021-11-01.
  17. ^ furstgroup. "Diversity fuels Karen Lynch's leadership at Aetna". www.furstgroup.com. Retrieved 2021-11-01.
  18. ^ "CVS Health chooses Aetna executives to stay post-merger". Modern Healthcare. 2018-06-06. Retrieved 2021-11-01.
  19. ^ Business, Jordan Valinsky, CNN. "CVS names female CEO, expanding the ranks of women leading Fortune 500 companies". CNN. Retrieved 2021-11-01. {{cite web}}: |last= has generic name (help)CS1 maint: multiple names: authors list (link)
  20. ^ Business, Jordan Valinsky, CNN. "CVS names female CEO, expanding the ranks of women leading Fortune 500 companies". CNN. Retrieved 2021-11-01. {{cite web}}: |last= has generic name (help)CS1 maint: multiple names: authors list (link)
  21. ^ "50 Over 50 2021". Forbes. Retrieved 2021-11-01.
  22. ^ "JPM21: CVS making 'good progress' in administering COVID-19 vaccines in nursing homes, Lynch says". FierceHealthcare. Retrieved 2021-11-01.
  23. ^ "50 Over 50 2021". Forbes. Retrieved 2021-11-01.
  24. ^ "CED Honors Six US Business Leaders and their Companies for Distinguished Leadership". Retrieved 2021-11-01.
  25. ^ Board (CED), Committee for Economic Development of The Conference. "CED Announces Recipients of Its 2021 Distinguished Leadership Awards". www.prnewswire.com. Retrieved 2021-11-01.
  26. ^ "Karen S. Lynch". WSJ Health Forum. Retrieved 2021-11-01.
  27. ^ "CVS Health President and CEO Karen Lynch Elected to AHIP Board of Directors". AHIP. 2021-06-10. Retrieved 2021-11-01.
  28. ^ Admin. "Karen S. Lynch » Member List". The Business Council. Retrieved 2021-11-01.
  29. ^ Singer, Kenneth R. Gosselin, Stephen. "Aetna executive Karen S. Lynch will become CEO of CVS Health". courant.com. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  30. ^ "President and Chief Executive Officer". www.businessroundtable.org. Retrieved 2021-11-01.
  31. ^ Singer, Kenneth R. Gosselin, Stephen. "Aetna executive Karen S. Lynch will become CEO of CVS Health". courant.com. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  32. ^ "Karen S. Lynch". WSJ Health Forum. Retrieved 2021-11-01.
  33. ^ Singer, Kenneth R. Gosselin, Stephen. "Aetna executive Karen S. Lynch will become CEO of CVS Health". courant.com. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  34. ^ "LEADERS Interview with Karen S. Lynch, President, Aetna". www.leadersmag.com. Retrieved 2021-11-01.
  35. ^ "CVS Health CEO Karen Lynch is the most powerful woman in American business". Fortune. Retrieved 2021-11-01.
  36. ^ Pflanzer, Erin Brodwin, Emma Court, Lydia Ramsey. "INTRODUCING: The 10 people transforming healthcare". Business Insider. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  37. ^ Woldt, Jeffrey (2021-03-17). "Lynch brings passion for health care to new role". CDR – Chain Drug Review. Retrieved 2021-11-01.
  38. ^ Singer, Kenneth R. Gosselin, Stephen. "Aetna executive Karen S. Lynch will become CEO of CVS Health". courant.com. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  39. ^ Singer, Kenneth R. Gosselin, Stephen. "Aetna executive Karen S. Lynch will become CEO of CVS Health". courant.com. Retrieved 2021-11-01.{{cite web}}: CS1 maint: multiple names: authors list (link)
  40. ^ "Gift to strengthen program on mindfulness, empathy and compassion in education | Penn State University". www.psu.edu. Retrieved 2021-11-01.
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