Content about president and CEO

June 29, 2011
Walgreens implements Chicago Hometown Investment Initiative

Walgreens on Wednesday unveiled plans to establish deeper roots on its home turf with its “Chicago Hometown Investment Initiative,” a plan that will create an estimated 600 new jobs in the city over the next two years and will quadruple the number of Walgreens’ food oasis stores.

June 24, 2011
Michael Polk takes helm at Newell Rubbermaid

Former Unilever executive Michael Polk has been appointed president and CEO of Newell Rubbermaid, effective July 18. He succeeds Mark Ketchum, who is retiring but will remain a director until May 2012.

June 23, 2011
Rite Aid trims losses as loyalty program, new formats drive same-store sales

Sales may have been flat overall, but a closer look revealed there was a lot to be positive about in Rite Aid’s fiscal first quarter 2012 earnings, as the company managed significant expense improvement and stronger same-store sales growth. Bottom line: Rite Aid narrowed its losses considerably, and that ain’t all expense control.

June 21, 2011
Walgreens to walk away from Express Scripts in 2012

Walgreens on Tuesday announced the company no longer will participate in the Express Scripts network beginning Jan. 1, 2012, citing unsuccessful renewal negotiations.

June 21, 2011
Walgreens' hard stance against PBM dominates earnings call

Soon after reporting double-digit earnings per share growth Tuesday morning, Walgreens announced it would forego as much as $5.3 billion in annual sales, representing some 7% of the company’s business and 90 million prescriptions, as it walks away from its relationship with pharmacy benefit manager Express Scripts.

June 20, 2011
A slow ride on the Walmart Express

The new small-format Walmart Express stores that opened earlier this month are an interesting concept with intriguing growth potential. But for the time being, and possibly for much longer, competitors need not concern themselves with the small stores.


June 20, 2011
Schiff looks to probiotics acquisition for growth

Schiff Nutrition president and CEO Tarang Amin promised to infuse some new energy into the company with his appointment earlier this spring, and he wasted no time with the Schiff acquisition of two probiotic brands — Sustenex and Digestive Advantage — in June. 


June 17, 2011
Coming soon: More Walmart Market stores

Walmart is moving forward with what could be characterized as a rollout of its Neighborhood Market format nearly 13 years after the first unit opened in fall 1998. Just don’t call it a Neighborhood Market.

June 17, 2011
Let the speculation begin about Walmart Market

Walmart has rebranded the small-format food-and-drug combo store Neighborhood Market as Walmart Market.

June 16, 2011
Bilbrey officially steps in as Hershey head

Just one month after filling in as the interim leader of chocolate giant Hershey, John Bilbrey officially took the reigns as president and CEO of the company.

June 16, 2011
Genesis Today brings Wake Me, Relax Me to Walmart

Genesis Today has introduced two functional beverages exclusively at Walmart.

June 8, 2011
Swipe-fee reform amendment squashed by Senate

The retail industry won a big victory in Washington, D.C., as the Senate defeated an amendment that proposed to delay swipe-fee reform for another 12 months.

June 7, 2011
AmerisourceBergen CEO honored by HDMA with Nexus Award

The Center for Healthcare Supply Chain Research, the research foundation of the Healthcare Distribution Management Association, and Genentech on Tuesday honored AmerisourceBergen CEO David Yost with the 2011 Nexus Award for Lifetime Achievement.

June 7, 2011
HDMA announces 2011 DIANA winners

The Healthcare Distribution Management Association on Monday awarded eight leading pharmaceutical and consumer product manufacturers through the presentation of its annual Distribution Industry Awards for Notable Achievements in health care.

June 6, 2011
AstraZeneca honored by AmeriCares, HDMA

AmeriCares and the Healthcare Distribution Management Association on Monday awarded the annual Power of Partnership Award to AstraZeneca for the company’s commitment to increasing access to health care for people in need, both here at home and throughout the developing world, during HDMA’s Business Leadership Conference on Monday.

June 3, 2011
Walmart focused on serving ‘next generation’ customers

After nearly four hours of music, cheering, celebrity appearances and brief presentations by senior executives, Walmart president and CEO Mike Duke wrapped up the company’s annual shareholders’ extravaganza Friday morning by sharing five priorities associated with serving what he called the next generation of customers.

June 2, 2011
Schiff buys into probiotic business

Schiff Nutrition on Tuesday announced its $40 million acquisition from Ganeden Biotech of the worldwide exclusive rights to use the probiotic technology GanedenBC30 in the over-the-counter and dietary supplement space, along with the brands Sustenex and Digestive Advantage, under which GanedenBC30 currently is sold.

May 31, 2011
CVS Caremark lands PBM contract with FEP

In a major win for its pharmacy benefit management business, CVS Caremark will handle the $3 billion mail-order and specialty prescription drug benefit for the Federal Employee Program starting January 2012, which, for the last three years, had been handled by rival Medco Health Solutions.

May 24, 2011
GMA names EVP global strategies

The Grocery Manufacturers Association has appointed Sean Darragh as EVP global strategies, a newly created position within the association, the organization's president and CEO announced.

May 23, 2011
Don’t call it the end of an era

Neither one of the co-
recipients of this year’s Fantle Award would want you to call it the end of an era. 


May 20, 2011
CRN responds to Lazy Cakes controversy

The Council for Responsible Nutrition on Thursday issued a statement regarding the growing controversy surrounding Lazy Cakes — a brownie containing melatonin, an ingredient that helps establish more normal sleeping patterns — that has been cited in a New York Times article as having “flagrantly mimic[ked] the soothing effects of hash brownies.”

May 18, 2011
John Bilbrey steps in as Hershey's interim president, CEO

Hershey's leader is bidding the confectioner farewell, the company announced Wednesday.

May 17, 2011
Walmart Q1 EPS beats guidance, but U.S. comps still a sore spot

Walmart reported first-quarter earnings that were above the company's guidance, reflecting stability and strength in global operations, according to company president and CEO Mike Duke.

May 16, 2011
Taylor Wallace succeeds Andrew Shao at CRN

The Council for Responsible Nutrition on Monday named Taylor Wallace to the post of senior director, scientific and regulatory affairs.

May 11, 2011
Missouri's Rx-only PSE legislation moves to state Senate

Missouri’s House of Representatives on Monday voted 100 in favor and 50 opposed to reclassifying pseudoephedrine as a prescription-only remedy and subsequently moved the matter to the state Senate.

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