A&P names Paul Hertz CEO
MONTVALE, N.J. — Grocer A&P has named company COO Paul Hertz as president and CEO, effective immediately.
Hertz succeeds Sam Martin. In January, A&P confirmed Martin’s departure. Martin, a former OfficeMax executive joined A&P as CEO in July 2010, succeeding Ron Marshall, who left the company after serving less than six months at the helm.
The company also announced that Christopher McGarry, former EVP and general counsel, has been appointed chief administrative officer and Nirup Krishnamurthy, former CIO, will assume the additional role of chief strategy officer. McGarry and Krishnamurthy, whose appointments are also effective immediately, will report to Hertz. Greg Mays will continue to serve as chairman.
“I look forward to working with the board of directors and the talented associates of A&P in this new capacity. A&P is a valuable franchise and a cornerstone in the communities in which we operate. We will work hard to meet the needs of our customers today and in the future,” Hertz stated.
Hertz is a 27-year veteran of the retail industry, beginning his retailing career in 1987 as a manager with Fred Meyer, a division of Kroger. Previously, he held a variety of senior executive positions at Wild Oats Markets, Shopko Stores and Fred Meyer. Prior to joining A&P in 2010, Hertz was EVP of retail stores for OfficeMax, which he joined in 2007.
McGarry joined the company in 2006, overseeing the company’s legal, risk, human resources/labor and real estate functions. Prior to joining A&P, he was assistant general counsel and director of real estate at The Grand Union Co. McGarry also previously served as general counsel for Exel, a global logistics services provider.
Krishnamurthy has more than 20 years of experience in the technology industry, including background in driving large-scale business optimization and transformation efforts. Prior to joining A&P, Krishnamurthy served as the CIO at United Airlines and chief technology officer at Northern Trust Bank.
With eye toward adherence, Wegmans pilots medication synchronization offering
ROCHESTER, N.Y. — Wegmans earlier this week introduced a medication synchronization pilot to its hub store in the Syracuse market called "My Meds Together," according to company executives.
"It all ties into adherence, which is one of our priorities," Dan Ferrara, Wegmans VP pharmacy operations, told DSN.
It’s one of two significant initiatives that Wegmans will be deploying this year that will help differentiate the chain among employers and pharmacy benefit managers — a key target for the retail pharmacy operator. “We have a couple of relationships already in existence,” said John Carlo, Wegmans SVP pharmacy. “We have one with a local employer here in Rochester, [N.Y.] and then we have one with a local PBM.”
Wegmans later this year will be introducing a blood pressure screening program in an effort to improve adherence. Patients identified as at risk — pre-hypertensive or hypertensive — and who are taking at least one blood pressure medicine will have the option to enroll into one-on-one medication therapy management consultations with their pharmacist.
Canada’s Competition Bureau approves Loblaw’s acquisition of Shoppers Drug Mart
BRAMPTON AND TORONTO, Ontario — Loblaw and Shoppers Drug Mart have announced that the Competition Bureau has approved Loblaw’s acquisition of Shoppers Drug Mart, and the acquisition is expected to close March 28.
"We are pleased the Competition Bureau has concluded its review of this transaction, and to have its consent to bring these two great Canadian companies together," stated Galen Weston, executive chairman of Loblaw. "This merger uniquely positions Loblaw to meet the most important consumer trends in the country, including urbanization and health and wellness. In doing so, we will continue to deliver more choice, more value, and more convenience to Canadians."
As part of its agreement with the Competition Bureau, Loblaw will sell 18 stores and nine pharmacy operations. Loblaw does not anticipate any store closures as a result of these divestitures.
In the course of its review of the acquisition, the Competition Bureau expressed potential concerns about certain Loblaw supplier practices. The company stated that it will cooperate with the Competition Bureau in its continued review of these practices.
Loblaw and Shoppers Drug Mart announced on July 15 the definitive agreement under which Loblaw will acquire Shoppers Drug Mart for C$12.4 billion in cash and stock.