Derica Rice is Executive Vice President for CVS Health and President of CVS Caremark, the company’s pharmacy benefits management (PBM) business. In this role, Rice oversees all aspects of the PBM business including sales and account management, operations, mail service pharmacy and specialty pharmacy. Rice also drives PBM strategy, new business development and client relationship management and retention.
Rice has more than 30 years of experience as a health care executive with a strong track record of delivering results in leadership positions. Rice joined CVS Health in 2018 from Eli Lilly and Company where he most recently served as Executive Vice President of Global Services and Chief Financial Officer. During his 27-year career at Eli Lilly, Rice was a key player in helping to drive the company’s innovation strategy and held numerous roles in finance and operations, including as Chief Financial Officer for Lilly Canada, General Manager of Lilly’s U.K. affiliate, Executive Director and Chief Financial Officer of European operations, and as Eli Lilly’s Vice President and Controller.
Rice earned his master’s degree in business administration from Indiana University and a bachelor’s degree in electrical engineering from Kettering University.
Rice currently serves on the Board of Directors for the Walt Disney Company.