The Miami Entrepreneur

CVS ousts several executives following investigation into handling of sexual harassment complaints–WSJ

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CVS Health Corp. Chief Executive Karen Lynch has removed several executives, following the health care services and drug store chain’s internal probe into how sexual harassment complaints were handled, according to a report in The Wall Street Journal. Citing people familiar with the matter, the WSJ report said CVS’s investigation came after Lynch became aware of complaints made by two female employees who alleged that they were either harassed or inappropriately touched while at work by a New Jersey-based regional store manager who oversaw hundreds of stores. The manager was dismissed, and senior executives who supervised the manager, the report said. On Friday, Lynch presented to plans senior leaders within the company to create an office to give employees a confidential way to report complaints, the report said. The stock, which rose 0.3% in afternoon trading, has rallied 5.6% over the past three months, while the S&P 500 has lost 9.9%.

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