Basic Summary
CVS is a retail corporation that sells prescription drugs and general merchandise products, including over-the-counter drugs, greeting cards, film and photo-finishing services, beauty products and cosmetics, seasonal merchandise and convenient foods. It sells these products through retail locations throughout the U.S. and on line through CVS.com.
Corporate Structure
CVS has a board of directors that is responsible for directing and providing oversight to the management of the corporation. They act in the best interest of the shareholders and consistent with good corporate citizenship practices. The board selects and appoints the top management team, provides oversight for financial reporting and legal compliance, determines governance principles, and implements policies.
Together, the board and management determine the corporate operating values and code of conduct. They also are responsible for setting the strategic direction and priorities. The key person is Thomas M. Ryan. He is both the head of the board and the head of executive management.
He has been with CVS since 1978.
Executive Officers
Thomas M. Ryan- Chairman of the Board, President and CEO
Chris W. Bodine- Executive VP of Merchandising and Marketing
Larry J. Merlo- Executive VP or stores
David B. Rickard- Executive VP, CFO, CAO
V. Michael Ferdinandi- Senior VP of HR, CLO, President of CVS Reality
Larry, D. Solberg- Senior VP of Finance and Controller
Board of Directors
Thomas M. Ryan- Chairman of the Board, President and CEO
W. Don Cornwell-Chairman of the Board and CEO Granite Broadcasting Corp
Thomas P. Gerrity- Prof. of Management Wharton School of Business
Stanley P. Goldstein- Retired; Formerly Chairman of the Board and CEO of CVS
Marian L. Heard- President and CEO United Way Mass. Bay and New England
William H. Joyce- Chairman of the Board and CEO Hercules Corporation
Terry R. Lautenbach- Retired; Former Senior VP International Business...