CVS Caremark appoints Helena Foulkes president of CVS/pharmacy
WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.
Cosby has led the company’s retail business since October 2011, including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.
“Mark is an outstanding operator and retailer who has brought many positive changes to the organization in the short time that he has been with CVS/pharmacy,” stated Larry Merlo, president and CEO of CVS Caremark. “I greatly appreciate his contributions to our retail operations and wish him the best of luck in his future endeavors.”
Company veteran Foulkes has held increasingly large and impactful roles in the company’s retail business, including merchandising, marketing and store operations. Since the merger with Caremark, Foulkes has led several integrated product/service teams and was instrumental in facilitating the evolution of the company’s overall health care strategy. She has also led the company’s work in transforming the digital experience for consumers in health care.
Foulkes, who has been with the company for more than 20 years, most recently served as chief health strategy and marketing officer, responsible for corporate strategy and enterprise marketing, government relations and communications.
“Helena is an open-minded and forward-thinking strategist, who has developed a reputation for successfully building product and business model innovations that drive growth,” stated Merlo. “Her industry track record includes leading innovations such as ExtraCare, the largest retail loyalty program in the country with approximately 70 million active cardholders. More recently Helena has helped bring groundbreaking pharmacy health care programs to market, including Maintenance Choice and Pharmacy Advisor. She has help positions across the enterprise and understands how to meet the needs of both consumers and clients while delivering bottom line results.”
“I am honored to lead our talented retail team. CVS Caremark has the unique ability to build consumer-centric health care solutions that improve access, control costs and lead to better health outcomes,” stated Foulkes, who, in her new role, will also maintain her responsibility for the company’s enterprise digital, brand and communications functions. “I am excited to take on this new role and am committed to driving CVS/pharmacy’s continued strong growth. At the same time, I look forward to working closely with our enterprise leadership team to continue to introduce innovations that meet the changing needs of clients, patients and payors while driving growth for CVS Caremark.”
Elan shareholders approve acquisition by Perrigo
DUBLIN — The shareholders of Elan Corp. approved the acquisition of the company by Perrigo Co. at two special meetings.
As previously announced earlier this year, Perrigo and Elan entered into an agreement under which the two companies will combine to form New Perrigo, an entirely new company incorporated in Ireland. The closing of the deal remains subject to approval by the Irish High Court and is expected to occur by the end of the year.
Walmart to kick off Cyber Monday early
SAN BRUNO, Calif. — Walmart is providing a number of special holiday deals to online and mobile shoppers as part of an early Cyber Monday promotion that begins Saturday, Nov. 30. In addition, Walmart’s mobile app customers, Facebook fans and email subscribers will be among the first to receive invitations to an early shopping event on Sunday, Dec. 1, featuring up to 20 of the best Cyber Monday items while supplies last, before they are widely available.
Walmart.com has tripled the number of early access items compared to last year’s Cyber Week event, when the retailer offered one early access item per day. Starting Nov. 22, nearly all Walmart.com items (and half of Marketplace items) are eligible for free shipping on orders over $35. Customers can also upgrade to a faster 3-5 day option for $2.97, with most orders arriving in three days or less, without a subscription fee. In addition select Cyber specials will be available for customers to order online and pick up at their local Walmart store that same day, from Saturday, Nov. 30, through Cyber Monday, Dec. 2.
"Last year, Cyber Monday was our best sales day in Walmart.com’s history and we’ve spent all year preparing to make it even better for customers," said Joel Anderson, president and CEO, Walmart.com U.S. "More than two-thirds of people who plan to shop in our stores on Black Friday also plan to shop Cyber Monday.** Every year there’s a bigger appetite for Cyber Monday, so we’re giving our customers great deals and rolling back our free shipping minimum to $35, helping them extend their budgets this holiday season."