CVS Caremark Announces Retail Pharmacy Leadership Promotions

Monday, October 24, 2011

Company Expands Roles of Three of its Seasoned Retail Executives

WOONSOCKET, R.I., Oct. 24, 2011 /PRNewswire via COMTEX/ --

CVS Caremark today announced the promotion of three senior executives within its retail pharmacy organization. With more than 7,200 stores in 41 states, the District of Columbia, and Puerto Rico, CVS/pharmacy is the leading retail pharmacy in the United States.

Judith Strauss Sansone has been named Senior Vice President of Merchandising for CVS/pharmacy. A seasoned merchant who has worked more than 30 years for the Company, Sansone brings deep industry knowledge to her new role. Most recently, she served as Vice President Merchandising and Pricing, responsible for general merchandise, consumables and front store pricing. During her career with CVS/pharmacy, she has served several roles including Vice President Healthcare Merchandising and Vice President Retail Innovation and Store Design. In addition, Sansone was part of the core team involved in the integration of the former Eckerd, Osco, Sav-on and Longs Drug as part of the acquisition of these chains by CVS/pharmacy.

Robert Price, Chief Marketing Officer of CVS/pharmacy, takes on an expanded role in the company with the addition of retail innovation and store design to his responsibilities. With more than 20 years of retail, strategy and marketing experience, Price will more tightly integrate the store and digital environments to create a more personalized experience for shoppers and patients. At the center of this effort are the proprietary insights drawn from CVS/pharmacy's ExtraCare loyalty program, the largest of its kind.

Scott Baker, RPh, Executive Vice President, Internal Operations, Real Estate and Supply Chain, adds inventory management and logistics to his responsibilities. In his expanded role, Baker will provide senior level support for inventory management and product flow in partnership with the merchandising and pharmacy teams. Baker also has oversight of real estate, construction and facilities, and front store operations.

"These appointments tap the deep bench strength and diverse talents of our CVS/pharmacy team," said Mark S. Cosby, President of CVS/pharmacy. "Through the focus of these leaders and their teams, we're in the unique position to improve the lives of millions of Americans by providing easy, innovative solutions and personalized pharmacy health care at their neighborhood drug store, CVS/pharmacy."

About CVS Caremark

CVS Caremark (NYSE: CVS) is the largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. We are uniquely positioned 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 approximately 65,000 pharmacies, including more than 7,200 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our clinical offerings include our signature Pharmacy Advisor(TM) program as well as innovative generic step therapy and genetic benefit management programs that promote more cost effective and healthier behaviors and improve health care outcomes. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com/.

CONTACT:
Mike DeAngelis
CVS Caremark
401.770.2645
michael.deangelis@cvscaremark.com

SOURCE CVS Caremark