Walgreens names new CIO
DEERFIELD, Ill. — Walgreens Boots Alliance named Steve Turner Walgreens VP and chief information officer, effective April 1.
Turner will succeed Abhi Dhar, Walgreens current CIO, who announced in February his intent to resign his Walgreens post in favor of pursuing an entrepreneurial venture.
"Since joining Walgreens in 2009, Steve’s experience and his deep knowledge of our systems position him well to move into this new role," noted Scott Goldberg, Walgreens senior manager media relations. "Over the next month, Steve will have the opportunity to work closely with Abhi Dhar, Walgreens current CIO, to transition responsibilities."
Turner currently serves as Walgreens VP service delivery and infrastructure, and also has also held Walgreens leadership roles in e-commerce, data analytics, digital, mobile and infrastructure operations.
Prior to Walgreens, Turner held various operations and technology leadership roles at Orbitz and Intuit. He also had engineering roles as a contractor for the Department of Defense.
Turner has a bachelor’s degree in computer science from Chapman University and an MBA from the Kellogg School of Management at Northwestern University. He also served in the U.S. Navy as a cryptologic technician.
Costco increases membership dues
ISSAQUAH, Wash. — Costco announced Thursday it will increase its membership fee by $5 to $60 annually for its U.S. and Canada Goldstar individual, business and business add-on members. This change will take effect June 1.
Also effective June 1, annual fees for Executive memberships in the U.S. and Canada will increase by $10 to $120. Both moves will impact a total of about 35 million members, stated Costco.
However, the maximum annual 2% reward associated with the executive membership will increase from $750 to $1,000.
Costco made these announcements as part of its earnings results for its 2017 fiscal second quarter. Net sales for the quarter ended Feb. 12 increased 6% to $29.13 billion. In its U.S. division, comparable store sales rose by 3% year over year.
Net income came in at $1.17 per share in its fiscal second quarter, versus $1.24 per share during the same period in 2016.
Costco also announced its four-week results for the month of February ended Feb. 26, in which comp store sales increased in its U.S. division by 5%.
Costco operates 728 warehouses, including 508 in the United States and Puerto Rico.
CVS Health names Jon Roberts EVP, COO
WOONSOCKET, R.I. — CVS Health on Thursday appointed veteran executive Jonathan C. Roberts to the new position of EVP and COO. He will continue to report directly to Larry Merlo, president and CEO. Roberts currently serves as president of CVS Caremark, the company’s pharmacy benefit management business.
As COO, Roberts will have responsibility for consolidating operational oversight across CVS Health’s unique suite of assets in order to achieve maximum efficiency, optimize investment of key resources, and most importantly, to deliver differentiated products and services to help people on their path to better health.
“Jon is a seasoned CVS Health executive with a long history of delivering superior results across our retail and PBM businesses,” stated Merlo. “He is laser-focused on operational excellence, and his breadth of business and industry knowledge make him uniquely qualified to take on this new role and help advance the company’s growth agenda. I have deep confidence in Jon as he has consistently demonstrated the ability to drive strategic prioritization and accountability within the organization.”
Effective immediately, Roberts will oversee operations for CVS Caremark, which includes the fast-growing specialty pharmacy business, and CVS Pharmacy, which includes MinuteClinic and Omnicare. Roberts’ scope of responsibility will also include information technology and all pharmaceutical procurement functions for the company. The company will begin an internal and external search for a new president of CVS Caremark.
“I am honored and excited to take on this critical role for the organization,” said Roberts. “CVS Health has a clear strategy focused on delivering differentiated care for our patients and value for our clients and members. Fully integrating our operations is a key next step for the company as we continue to deliver value for all of our stakeholders and partners.”
Roberts has been with CVS Health for 26 years and has held a variety of roles of increasing responsibility and impact. Prior to his appointment as president of CVS Caremark in 2012, he served as chief operating officer of the PBM business. Roberts also served as EVP of pharmacy purchasing, pricing and network relations from 2009 to 2010 and senior vice president and chief information officer from 2006 until 2008. Prior to that, he held a variety of key leadership roles in the company’s retail business, CVS Pharmacy, including senior vice president of store operations from 2002 until 2005.