CVS Caremark Appoints New Senior Vice President of Government Affairs

Thursday, February 2, 2012

Larry D. Burton joins company from Business Roundtable

WOONSOCKET, R.I., Feb. 2, 2012 /PRNewswire/ -- CVS Caremark (NYSE: CVS) today announced the appointment of Larry D. Burton to the position of Senior Vice President of Government Affairs.  Burton will join the company as of February 27th and will be focused on continuing to grow the company's role as a pharmacy innovation company working to help improve health care access, reduce overall costs and improve health outcomes at state and federal levels.

Burton brings more than thirty years of experience in strategy development, public policy and government affairs to CVS Caremark. He joins the company from Business Roundtable in Washington, D.C. where he was Executive Director. In this role, Burton was responsible for developing policy positions and strategies for implementation on matters of priority interest to Chief Executive Officers in such areas as energy and environment, trade, corporate governance, health care and other major economic issues. Previously, Burton was Regional Coordinator, Western Hemisphere (North America) for BP plc, the world's third largest energy company, and had served as the Vice President, U.S. Government and International Affairs in the company's Washington, D.C., office. Additionally, Burton was the special assistant and associate director in the Office of Management and Budget, where he was senior liaison to the U.S. Senate on budget and regulatory matters.

"Larry's strong background in government affairs work as well as his experience in developing and advocating for critical public policy positions both as a staffer for elected government officials and as a representative of large corporations make him uniquely qualified to lead our Washington, D.C. office and help shape our positions and perspectives on health care policy," said Helena B. Foulkes, Executive Vice President and Chief Health Care Strategy and Marketing Officer of CVS Caremark.

"The CEOs of the Business Roundtable have all benefitted from Larry's insight and leadership on many key issues," said BRT President John Engler. "I have watched and admired his steady approach, and he will be a superb addition to the CVS Caremark team as health care in America continues to undergo major change."

Burton holds a bachelor's degree from Lewis and Clark College and a Master's in Business Administration from George Washington University.

About CVS Caremark

CVS Caremark 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 7,300 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our clinical offerings include our signature Pharmacy Advisor™ 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 cvshealth.com.

Media Contact:

Carolyn Castel
CVS Caremark
(401) 770-5717 
carolyn.castel@cvscaremark.com

SOURCE CVS Caremark