CVS Health swung to a fourth-quarter profit and is starting the new year with a management shakeup for its largest business.

The company will replace Derica Rice with Dr. Alan Lotvin as the leader of its pharmacy benefit management segment.

CVS Health also named former Concerto Healthcare executive Alec Cunningham to lead its Aetna insurance business as it focuses more on government programs like Medicare Advantage.

CEO Larry Merlo told analysts the changes give CVS Health experienced leaders as it evolves.

Read the full article from The Associated Press