Walmart just lost its top health official. It's a blow as the retailer tried to compete with Amazon and win a bigger slice of the healthcare industry.
The carousel of executives coming and going from Walmart's struggling health division is taking another turn.
Dr. Cheryl Pegus, Walmart's executive vice president for health and wellness, is taking on a role as a managing director for JPMorgan's Morgan Health division,Pegus will work on Morgan Health's mission of improving employer-sponsored healthcare and investing in $250 million in promising health companies, according to a release. She will continue to serve as a senior advisor for Walmart.
Pegus's departure comes as Walmart's health division – which has seen numerous executive departures over the past few years – had faced significant challenges on reaching its ambitious goal of establishing 4,000 health clinics across the country by 2029. As of October 14, Walmart Health openedDr. Cheryl Pegus is leaving Walmart after nearly two years with the company.
John Furner, Walmart US president and CEO, told Insider in a statement in response to Pegus's leaving that he is"excited about the momentum we have in Health & Wellness and our ability to make an impact on the access and affordability of healthcare in our communities." "The team is well-positioned to execute our compelling strategy of healthcare transformation," Furner said."We are grateful to Dr. Pegus for advancing our mission of helping people live better and healthier, and we look forward to continuing to work with her in the future."Pegus has more than 20 years of experience in health care, most recently serving as chief medical officer at Cambia Health Solution before joining Walmart in December 2020.
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