CVS Health is turning to veteran insurance executive Karen Lynch for leadership as the company pushes more into helping customers stay healthy and deal with the COVID-19 pandemic.

The Woonsocket-based drugstore chain and pharmacy benefit manager said Friday that Lynch will be promoted to replace Larry Merlo as president and CEO on Feb. 1.

CVS Health also reported a better-than-expected third quarter and raised its 2020 forecast on Friday.

The company runs one of the nation’s largest drugstore chains with about 9,900 retail locations.

It also sells insurance and runs prescription drug plans through a large pharmacy benefit management business.