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CVS Health Corporation announced the transition of President and Chief Executive Officer Larry Merlo to Strategic Advisor , effective February 1, 2021. Mr. Merlo has been CEO since March 1, 2011 and will retire from the company on May 31, 2021. From 2011 to 2019, Mr. Merlo realized $223,025,035 in total compensation as CEO.
On February 1, 2020, Karen S. Lynch will assume the role of Chief Executive Officer. She is currently Executive Vice President, CVS Health and President, Aetna. Her annual target compensation will be as follows:
| Base Salary | Target Bonus | Target Annual Equity Award | Total Annual Compensation |
|
$1,450,000
|
$2,900,000 | $11,000,000 | $15,350,000 |
To view the details of this transition, please click here.
Larry Merlo is the 63th CEO from the Equilar 500 to announce their resignation in 2020.
Senior Research Analyst at Equilar
Owen Gilles, Senior Research Analyst at Equilar, authored this post. Please contact Amit Batish, Manager of Content and Communications at abatish@equilar.com for more information on Equilar research and data analysis.
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