CVS Caremark announced on Friday that former Walmart North executive Hank Mullany will succeed Larry Merlo as president of CVS/pharmacy. The move is part of the corporate succession plan announced last May in which Tom Ryan will retire as CEO prior to the next annual meeting and Merlo will step up as CEO.
Fresh from securing a deal to sell his company to Cardinal Health for $1.3 billion, Kinray owner, president and CEO Stewart Rahr is turning more attention to his crusade to promote his friend Donald Trump as a candidate for president in 2012.
Medicine Shoppe is about to get a new top manager. And with the promotion of company veteran John Fiacco to VP of its Medicine Shoppe and Medicap stores, parent company Cardinal Health effectively is changing the culture at its franchise pharmacy division.