Prem Shah has been named to the newly created role of chief pharmacy officer and will oversee the omnichannel pharmacy strategy, effective immediately. On January 1, 2022, Shah and Michelle Peluso will become co-presidents of CVS Health's retail business, with Peluso overseeing front-store strategy and operations.
Shah joined CVS Health in 2013 and is currently EVP, specialty pharmacy and product Innovation. Peluso joined CVS Health in 2021 as EVP and chief customer officer. Shah will report directly to Lynch in his new role, and Peluso will continue to report directly to Lynch.
"Prem and Michelle are ideally suited for their new roles and will be instrumental to CVS Health as we continue to execute against our strategy of delivering an integrated health care experience centered around the consumer," said Lynch, president and CEO of CVS Health.