Navigation Links
CVS Caremark Announces Interim Leadership for Retail Business
Date:1/18/2011

WOONSOCKET, R.I., Jan. 18, 2011 /PRNewswire-FirstCall/ -- CVS Caremark (NYSE: CVS) today announced that it has appointed its two highest ranking retail executives to jointly lead its CVS/pharmacy business, reporting directly to Larry Merlo, President and Chief Operating Officer of CVS Caremark. Effective immediately, Mike Bloom, EVP Merchandising and Supply Chain, and Scott Baker, EVP Internal Operations and Real Estate, will take over the management of the company's retail business for its 7,100 stores across the country.   Bloom and Baker are assuming these responsibilities on an interim basis pending completion of the Company's previously announced search for a new President of CVS/pharmacy.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO)

Mike Bloom is a seasoned retail executive with more than 30 years of retail experience, 20 of them with CVS/pharmacy. As the senior CVS/pharmacy executive with direct oversight for merchandising and supply chain activities, Bloom leads an integrated end-to-end network managing store layout as well as the selection, purchasing, inventory and supply of product throughout the company's retail locations as well as managing the company's visual merchandising and pricing departments. In addition to his current role, Bloom will now assume responsibility for advertising and marketing.

Scott Baker, whose tenure with CVS/pharmacy spans more than 25 years, has held a variety of important senior roles including SVP of Retail Operations and head of the company's East retail field operations. Baker, a pharmacist by training, will now assume responsibility for all of the company's retail field organizations and pharmacy operations.

"As the company's succession planning process moves forward and I have assumed more enterprise-wide responsibilities, we made the decision to delegate the day-to-day operations of our Retail business to two of our most senior retail executives," noted Merlo. "What has remained clear throughout our search for a new President of CVS/pharmacy is that we are very fortunate to have a strong, stable group of senior leaders supporting our business. This team of individuals has helped shape our direction and deliver industry-leading results and has consistently demonstrated the highest levels of leadership and teamwork. I expect this success to continue into the future as Mike and Scott lead the retail organization."

The company also announced that it has made the decision to resume its search for a new President of CVS/pharmacy. Merlo added, "I am confident we will find the right individual for this important role."

About CVS CaremarkCVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,100 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.Contacts:Eileen Howard DunnCorporate Communications(401) 770-4561Carolyn CastelCorporate Communications(401) 770-5717ccastel@cvs.comNancy ChristalInvestor Relations(914) 722-4704
'/>"/>

SOURCE CVS Caremark
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. CVS Caremark Study Finds Patients with Complex Therapies Struggle to Stay Adherent to their Medications
2. CVS Caremark Study Finds Medication Adherence Leads to Lower Health Care Costs, Even After Accounting for Increased Prescription Drug Spending
3. CVS CAREMARK to Purchase Universal Americans Medicare Part D Business
4. CVS Caremark to Present at the 29th Annual J.P. Morgan Healthcare Conference
5. New CVS Caremark Study Finds Health Information Technology May Help Promote Adherence, But More Information and Direction Needed
6. CVS Caremark Customer Care Team Awarded Silver Medal for Best Customer Service at Contact Center Worlds Global Top Ranking Performers Conference
7. CVS Caremark Research Finds Correlation Between Amount of Patient Co-pay and Prescription Abandonment
8. CVS Caremark Reiterates Support for FDA Implementation of Approval Pathway for Biogeneric Drugs
9. CVS Caremark to Present at Credit Suisse Annual Healthcare Conference
10. CVS Caremark Corporation to Hold Third Quarter 2010 Conference Call
11. CVS Caremark Research Highlights How Innovative Plan Designs Help Clients Reduce Drug Spend and Improve Generic Dispensing Rates
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... , February 9, 2016 ... announced a collaboration with 10x Genomics to develop ... single-cell biology and bioinformatics. --> QGEN ... collaboration with 10x Genomics to develop and promote ... and bioinformatics. --> QIAGEN N.V. (NASDAQ: ...
(Date:2/9/2016)... 9, 2016 Mast Therapeutics, Inc. (NYSE ... sickle cell disease and heart failure, today announced that it ... purchase common stock in an underwritten public offering.  The offering ... be no assurance as to whether or when the offering ... terms of the offering.   --> ...
(Date:2/9/2016)... FRANCISCO , February 9, 2016 ... biotechnology company focused on developing products for Regenerative Medicine, ... be a featured presenting company at Source Capital Group,s ... on February 10-11, 2016 in New York ... on Wednesday, February 10, 2016 at 12:30 pm by ...
Breaking Medicine Technology:
(Date:2/10/2016)... ... February 10, 2016 , ... United Benefit ... as the latest addition to its growing list of Partner Firms. S.S. ... Southeast, from Orlando to Huntsville and in between. , Harnessing the experience and ...
(Date:2/10/2016)... ... February 10, 2016 , ... AHRA: ... winner and inspirational speaker Jan Fox will serve as keynote speaker at the ... provide participants with tools to more effectively communicate with their own organizational staff ...
(Date:2/10/2016)... ... February 10, 2016 , ... ... it has been awarded the prestigious Distinguished Emerald Club of the World award, ... by BoardRoom magazine, one of the most respected trade publications serving private clubs. ...
(Date:2/10/2016)... Petaluma, CA (PRWEB) , ... February 10, 2016 , ... ... newest and most versatile series of monitor mounts ever. , “Our goal was ... flexible and easy to install system that we have ever created.” said Darren Hulsey, ...
(Date:2/10/2016)... ... February 09, 2016 , ... A new leadership team for Mid-South ... President Joe Wiley made the announcement Monday night, Feb. 8, prior to the evening ... of FHU and the creator of GO! Camp, has been named director. Gayle McDonald, ...
Breaking Medicine News(10 mins):