JPMorgan Taps Walmart Exec Pegus for New Health Venture
- New role will work with $250 million fund for health startups
- Her move leaves a vacancy in Walmart’s growing care division
Cheryl Pegus
Source: Walmart Inc.This article is for subscribers only.
Walmart Inc. health-care executive Cheryl Pegus will join JPMorgan Chase & Co.’s Morgan Health venture as a managing director, with aims to improve employer-sponsored health care.
The move creates a vacancy at the nation’s largest retailer, as rivals like Amazon.com Inc. and CVS Health Corp. broaden their reach into the $4 trillion US health-care industry. It’s also a high-profile hire for Morgan Health, which the bank launched last year after shutting its joint venture with Amazon and Berkshire Hathaway Inc, known as Haven.