The recent loss of business from a key specialty pharmacy customer and the continued deluge of generic introductions will represent significant challenges for Cardinal Health in fiscal year 2013 as it approaches the year-end of its fiscal 2012, company executives told analysts during a conference call Thursday morning.
Ulta has announced that it is implementing a CFO succession plan after Gregg Bodnar, the company’s CFO and assistant secretary, informed the company that he will be stepping down from his current position.
Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.
Target reported October sales growth that fell short of analysts' expectations, while uncertainty remains following the recent departure of the company's CFO.
The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.
Pharmaceutical wholesaler H. D. Smith announced on Thursday that Dave Watkins, CFO, will leave the company to join Chicago Public Schools as its new CFO, effective Nov. 7.
Navarro Discount Pharmacy, a Hispanic-owned pharmacy chain and an MBF Healthcare portfolio company, has expanded its management team by naming Luis Mier as CFO and promoting Manuel Leon to VP wholesale and OTC programs.
Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.
Estée Lauder — whose brands include M•A•C, Aveda, Bumble and Bumble, American Beauty, Flirt! and GoodSkin Labs — has announced the retirement of Richard Kunes, EVP and CFO, on or about June 30, 2013.
Regional pharmacy chain Navarro Discount Pharmacy, which currently has 29 stores, has named finance executive Juan Ortiz the company's CFO, to the position of CEO.
Walgreens CFO Wade Miquelon said that the chain's decision to break its ties with pharmacy benefit manager Express Scripts was the best decision, according to a Reuters report.