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Merlo announced his retirement from CVS on November 6, 2020 with January 31, 2021 being his last day. He was succeeded by Karen S. Lynch, then Executive Vice President, CVS Health and President, Aetna at the time. Over the course of his tenure, CVS stock rose from $33.21 to $72.08, a 217% gain in share price. Comparatively, the S&P 500 grew 280%.
CVS CEO Larry Merlo had been named to run the combined company. 2018: In November, CEO Larry Merlo told USA Today that the drugstore chain plans to renovate its stores to focus more on health care and less on retail following its merger with the health insurance company Aetna. The new strategy is to offer medical services along with ...
The Consumer Value Store first began in 1963 as a health and beauty retailer in Lowell, Massachusetts, before changing its name to CVS in 1964. Pharmacies within CVS stores were introduced later ...
CVS CEO Larry Merlo responded by saying that they were working on ways to reduce the length of the receipts by 25% and mentioned that customers can get their receipts and coupons digitally through CVS's mobile app, which requires the customer to sign up for digital coupons and receipts. However, despite this, Merlo admitted that CVS still could ...
CVS CEO Larry Merlo said. Aetna will be operated as a separate unit and Aetna's existing leadership is expected to run the Aetna businesses, Merlo said. Aetna will have two of its directors, in ...
Valuable additionsIn CVS CEO Larry Merlo's. CVS Caremark (NYS: CVS) has raised its annual guidance by $0.03 to between $3.18 and $3.28. Reason: Higher-than-expected gains from the Walgreen (NYS ...
In 2015, Lynch became Aetna's first female president, a role she retained through the $70 billion acquisition of Aetna by CVS Health in 2018. During the COVID-19 pandemic, Lynch took the helm as president and chief executive officer of CVS Health on February 1, 2021, following the retirement of Larry Merlo. The appointment made her the highest ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, drugstore and pharmacy benefits giant CVS Caremark has earned ...