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CVS

This article was originally published in The Rose Sheet

Executive Summary

Thomas Ryan to president and CEO, effective at the chain drug store's annual shareholders' meeting May 13, CVS announced March 16. Ryan succeeds CVS co-founder Stanley Goldstein, 63, who will remain chairman. Ryan, 45, has been vice chairman and chief operating officer for the Woonsocket, R.I.-based chain since October 1996. He has also served as president and CEO of CVS Pharmacy, Inc. Ryan joined CVS in 1975 as a pharmacist, and since then has held a number of managerial positions, including VP-pharmacy operations, senior VP-pharmacy and exec VP-stores. Since its establishment in 1963, CVS has grown into a nationwide chain with revenues of approximately $12.7 bil. from more than 3,800 outlets...
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