CVS/pharmacy announces executive moves
WOONSOCKET, R.I. CVS/pharmacy has announced a string of executive moves, including the promotion of Mike Bloom to EVP merchandising and supply chain.
In his new role, Bloom will lead an integrated end-to-end network, managing store layout as well as the selection, purchasing, inventory and supply of product to CVS stores. Bloom joined CVS as part of the People’s Drug Store acquisition in 1991. He served as VPMM for Consumer Healthcare and later led the Life store prototype initiative. He was promoted to SVP merchandising in 2003 and SVP of merchandising and supply chain in 2009.
In addition, Scott Baker has been promoted to EVP internal operations and real estate. He continues to be responsible for store and pharmacy operations supporting the company’s retail stores and for new retail location development and facilities management. Baker joined CVS with theRevco acquisition in 1997 as a region manager, having held a number of field management and operations roles. He served as a region manager in several CVS markets, and was promoted to area VP for New England in 2002. In early 2007, he was named SVP East Division and from 2008 to 2009, he led the integration of Longs Drug Stores. Prior to Thursday’s promotion, Baker was SVP internal operations and real estate.
Beth Wingate has been promoted to SVP payer relations. Wingate joined CVS Caremark in 2007 as VP, managed care. She will continue to take the lead on negotiating rates with insurers for the company’s retail pharmacies and will oversee the reimbursement audit function.
Charley Golden has been promoted to SVP construction and facilities management, overseeing all construction, repairs and maintenance activities across CVS Caremark for more than 7,500 buildings. Golden joined the company in 1997 as a senior industrial engineer in logistics and since 1999, has held the position of VP construction and facilities management.
Baker, Bloom and Wingate report to Larry Merlo, president of CVS/pharmacy. Golden reports to Baker.
Yaksitch named VP marketing and merchandising for Albertsons’ Dallas-Fort Worth division
FORT WORTH, Texas Albertsons’ Dallas-Fort Worth division has named Frank Yaksitch as VP marketing and merchandising, effective March 12, according to published reports.
Yaksitch, who has been with Albertsons for more than 35 years, most recently served as SVP of operations for Albertsons Intermountain West division.
During his tenure with Albertsons, Yaksitch has also held a variety of increasingly responsible positions, including store director and district manager.
Walgreens’ monthly sales rise
DEERFIELD, Ill. Walgreens had February sales of $5.31 billion, an increase of 3.2% from $5.14 billion for the same month in 2009.
The drug store chain also reported that its same-store sales increased 0.4%.
February pharmacy sales increased 3.7%, while comparable pharmacy sales increased 0.9%. Comparable pharmacy sales were negatively affected by 2.4 percentage points due to generic drug introductions in the last 12 months and a lower incidence of flu compared with February 2009. Pharmacy sales accounted for 64.5% of total sales for the month.
Total front-end sales increased 4.5% in February, while comparable store front-end sales decreased 0.6%, which the company said were impacted by continued weak demand for discretionary items and by lower incidence of flu.
Year-to-date sales for fiscal 2010 for the first six months totaled $33.34 billion, up 6.1% from the same period last year.
In the month of February, the chain opened seven stores, acquired 11 and closed one. At Feb. 28, Walgreens operated 7,679 locations in all 50 states, the District of Columbia, Puerto Rico and Guam.