Content about president and CEO

May 31, 2012
House committee approves measure to restore OTC reimbursements under FSAs

The House Ways and Means Committee on Thursday approved the Restoring Access to Medication Act (H.R. 5842), which would repeal the provision of the Patient Protection and Affordable Care Act that disqualified expenses for over-the-counter drugs as eligible for reimbursement under health savings accounts and flexible spending arrangements without a prescription.

May 29, 2012
Dollar Tree to split common stock 2-to-1

Dollar Tree on Tuesday approved a 2-for-1 stock split in the form of a 100% common stock dividend. The new shares will be distributed June 26 for shareholders of record as of the close of business on June 12.

May 29, 2012
John Standley appointed chairman of Rite Aid

Rite Aid has appointed president and CEO John Standley as chairman, the retail pharmacy chain said Friday.

May 29, 2012
Sun appoints former Teva CEO as chairman

Generic drug maker Sun Pharmaceutical Industries appointed a new chairman as the company announced big jumps in fourth-quarter and fiscal year 2012 sales and profits.

May 22, 2012
Sam's Club invests big in small business

Sam's Club has pledged more than $2 million in donations to nonprofits supporting small business growth.

May 21, 2012
GSK, Auxilium to co-promote testosterone therapy

The U.S. subsidiary of British drug maker GlaxoSmithKline and U.S.-based Auxilium Pharmaceuticals will co-promote a testosterone-replacement drug, the two said Monday.

May 18, 2012
Sears Holdings moves from loss to profit in Q1

Sears Holdings reported profits of $189 million during first quarter 2012, compared with a $165 million loss in first quarter 2011, the company said.

May 17, 2012
Prestige Brands highlights new Dramamine for Kids product in fiscal 2012 call

Prestige Brands on Thursday morning announced the launch of Dramamine for Kids.

May 17, 2012
Walmart Q1 comps gain 2.6%

First-quarter profits at Walmart exceeded analysts’ estimates as same-store sales increased 2.6% and the company said its strategy of low prices on a broad merchandise assortment is resonating again with shoppers.

May 16, 2012
CCA Industries leader recognized by Young Survival Coalition

The Young Survival Coalition honored the president and CEO of CCA Industries.

May 16, 2012
FDA advisory committee recommends OTC availability of HIV test

OraSure Technologies on Tuesday announced that the Food and Drug Administration's Blood Products Advisory Committee recommended that the OraQuick In-Home HIV test be made available without a prescription.

May 16, 2012
More than one-third of dispensed prescriptions sent electronically in 2011, report finds

The number of prescriptions being sent electronically jumped by 75% between 2010 and 2011, while almost all of the retail pharmacies in the country are connected for e-prescribing, according to a new report by the country's largest e-prescribing network.

May 16, 2012
ReportersNotebook — Chain Pharmacy, 5/21/12

Watson has announced its intention to acquire Actavis, the company said. Following news reports that the U.S.-based generic drug maker would acquire Switzerland-based Actavis, Watson announced that it would buy the latter for $5.6 billion.

May 14, 2012
Boiron names new president, CEO

Boiron on Monday named Janick Boudazin as president and CEO.

May 11, 2012
AmerisourceBergen's acting CFO offered full-time gig

AmerisourceBergen has promoted one of its executives to serve as its finance chief, the company said Friday.

May 10, 2012
CVS Caremark annual stockholders meeting rings optimistic tone

It was a rainy Thursday morning in Woonsocket, R.I., but that didn’t dissuade CVS Caremark stockholders from flocking to the company’s sprawling headquarters to attend its annual meeting of stockholders — an event that proved to be one filled with optimism as president and CEO Larry Merlo provided key highlights of 2011 and discussed how the company is reinventing pharmacy and capitalizing on its “integration sweet spots.”

May 10, 2012
New office to help integrate Actavis into Watson

Generic drug maker Watson Pharmaceuticals has formed a special office to handle its pending acquisition of Actavis, the company said.

May 9, 2012
A&P president, CEO Sam Martin to be spokesman in new marketing campaign

Grocer A&P has announced the launch of an integrated marketing campaign that features president and CEO Sam Martin as its primary spokesman.

May 9, 2012
Kerr Drug launches pet meds program

Kerr Drug announced the launch of its Healthy Pet program, offering a full range of pet medications that customers can order on the chain's website and have delivered to their homes, the regional retail pharmacy chain said Wednesday.

May 4, 2012
Signs continue to point to growth for retail health clinics

Two speakers at the American Telemedicine Association’s annual meeting last week had positive words for the convenient care industry and essentially told attendees what Drug Store News has been saying for some time: Retail clinics are poised for significant growth.

May 3, 2012
Supervalu transitions EVP retail operations role to former Meijer executive

Supervalu on Thursday announced that Pete Van Helden, EVP retail operations, will be leaving the company this spring. Taking his place will be Kevin Holt.

May 3, 2012
United Way recognizes Publix for philanthropy

On Wednesday evening, United Way recognized Publix Super Markets with two Summit awards for philanthropic engagement and community impact, the two companies announced Thursday.

May 2, 2012
8th annual Armada Specialty Pharmacy Summit sees 30% boost in attendance

The 8th annual Armada Specialty Pharmacy Summit officially kicked off in Las Vegas at the Wynn casino resort on Wednesday morning, with early attendance figures showing a 30% increase over 2011, when more than 1,500 executives attended.

May 2, 2012
CVS Caremark's integrated model drives positive outcomes, fuels 'terrific' Q1

CVS Caremark president and CEO Larry Merlo told analysts Wednesday morning that he was “very pleased” with the company's first quarter, as results across both the retail and pharmacy benefit management segments came in at the high end of expectations, and its integrated assets continue to demonstrate success and improve patient lives.

May 2, 2012
Network of Executive Women honors Walmart chief Duke with diversity award

The Network of Executive Women is honoring Mike Duke, president and CEO of Wal-Mart Stores, with its William J. Grize Diversity Hall of Fame Award, on June 28 during Women's Day at the LPGA in Rogers, Ark.

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