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

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 Christ
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