Content about EVP and CFO

April 3, 2013

Supervalu announced additional changes at the senior level as Sam Duncan, Supervalu president and CEO, finalizes his executive leadership team.

MINNEAPOLIS — Supervalu on Wednesday announced additional changes at the senior level as Sam Duncan, Supervalu president and CEO, finalizes his executive leadership team.

Sherry Smith, EVP and CFO, will leave the company at the end of May. Smith has served as the company’s CFO since her appointment in December 2010. She has spent 26 years with Supervalu and previously served as SVP, finance. The company plans to announce a new CFO at a later date.

February 26, 2013

Bausch + Lomb named Robert Bertolini as president and CFO effective immediately.

ROCHESTER, N.Y. — Bausch + Lomb on Tuesday named Robert Bertolini as president and CFO effective immediately. In this capacity, he will oversee the company's finance, information technology and global quality and operations functions. Bertolini, who assumes CFO responsibilities from Brian Harris, will report to Bausch + Lomb CEO Brent Saunders.  

February 7, 2013

Despite continuing to face regulatory headwinds in the Canadian market, executives at Canadian pharmacy retailer Shoppers Drug Mart were “pleased” with fourth-quarter results and indicated that the company will continue to pursue acquisition opportunities.

TORONTO — Despite continuing to face regulatory headwinds in the Canadian market, executives at Canadian pharmacy retailer Shoppers Drug Mart were “pleased” with fourth-quarter results and indicated that the company will continue to pursue acquisition opportunities.

February 4, 2013

The company that operates Canada's Rexall and Rexall Pharma Plus retail pharmacy chains has hired on a former Sears Canada executive.

MISSISSAUGA, Ontario — The company that operates Canada's Rexall and Rexall Pharma Plus retail pharmacy chains has hired on a former Sears Canada executive.

Katz Group Canada announced Monday the appointment of Sharon Driscoll as EVP and CFO.

December 19, 2012

The National Association of Chain Drug Stores announced on Wednesday that Jim Huber, EVP and CFO of NACDS, is retiring after 25 years of service.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores announced on Wednesday that Jim Huber, EVP and CFO of NACDS, is retiring after 25 years of service. He will be succeed by David Fitzsimmons has been promoted to SVP of finance and administration.  

Fitzsimmons currently serves as VP finance and accounting. He will succeed Huber effective Dec. 21, 2012.

November 30, 2012

Former Unilever Group executive has been appointed EVP and CFO of Regis, a provider of beauty salons, hair restoration centers and cosmetology education.

MINNEAPOLIS — Former Unilever Group executive has been appointed EVP and CFO of Regis, a provider of beauty salons, hair restoration centers and cosmetology education.

November 26, 2012

CVS Caremark announced on Monday that it has commenced tender offers to refinance a portion of its debt.

WOONSOCKET, R.I. — CVS Caremark announced on Monday that it has commenced tender offers to refinance a portion of its debt.

The company has commenced cash tender offers for any and all of the 6.6% senior notes due 2019 and up to a maximum amount of the 6.125% senior notes due 2016 and 5.75% senior notes due 2017 such that the aggregate principal amount of the maximum tender offer notes tendered and accepted for purchase is equal to $1 billion less the aggregate principal amount of the any and all notes tendered and accepted for purchase. 

September 25, 2012

A carrot, a stick and a face-to-face encounter. Those are the tools that will chisel away at healthcare costs, noted Wade Miquelon, Walgreens EVP and CFO. And Walgreens is uniquely positioned to help realize those savings. 


A carrot, a stick and a face-to-face encounter. Those are the tools that will chisel away at healthcare costs, noted Wade Miquelon, Walgreens EVP and CFO. And Walgreens is uniquely positioned to help realize those savings. 


To lower costs, you could raise co-pays or premiums to discourage unhealthy behaviors like smoking, poor diet or lack of exercise. That’s the stick. On the other hand, you could waive co-pays or a reduce premiums to help encourage healthy behaviors like regular checkups or disease-state management programs. That’s the carrot. 


September 25, 2012

In June, Walgreens announced a two-step investment in a strategic partnership with Alliance Boots, to acquire a 45% equity stake in the privately held company for $6.7 billion in cash and stock in the first step with the option to acquire the other 55% approximately three years down the road at what is today being projected to be another $9.5 billion price tag in cash and stock. 


In June, Walgreens announced a two-step investment in a strategic partnership with Alliance Boots, to acquire a 45% equity stake in the privately held company for $6.7 billion in cash and stock in the first step with the option to acquire the other 55% approximately three years down the road at what is today being projected to be another $9.5 billion price tag in cash and stock. 


September 18, 2012

Valeant Pharmaceuticals CFO Howard Schiller has been appointed to the drug maker's board of directors.

MONTREAL — Valeant Pharmaceuticals CFO Howard Schiller has been appointed to the drug maker's board of directors.

Schiller joined Valeant as EVP and CFO in December 2011, following a 24-year career at Goldman Sachs. Schiller also serves on the New York board of Teach for America and on the board of the Cancer Research Institute. In addition, he also is on the business advisory council of the University of Chicago Law School.

September 5, 2012

Hain Celestial announced that EVP and CFO Ira Lamel will retire from the company.

MELVILLE, N.Y. — Hain Celestial announced that EVP and CFO Ira Lamel will retire from the company.

Lamel will remain with Hain Celestial until a successor is named and to ensure an orderly transition, according to the company, which has commenced a global search for Lamel's replacement. Lamel, 65, joined the company in 2001.

July 31, 2012

An Ahold USA executive has received honors from a New England business publication.

CARLISLE, Pa. — An Ahold USA executive has received honors from a New England business publication.

Ahold USA announced Tuesday that EVP and CFO Paula Price was named 2012 CFO of the Year in the public company category by the Boston Business Journal and was honored at the newspaper's annual luncheon last Wednesday. Ahold USA, a subsidiary of Netherlands-based Royal Ahold, operates the Stop & Shop, Giant-Landover and Giant-Carlisle supermarket chains and the Peapod online grocery service.

July 20, 2012

The Estée Lauder Cos. — whose brand portfolio includes Bumble and Bumble, American Beauty, Aveda and La Mer — has appointed Tracey Travis as EVP and CFO.

NEW YORK — The Estée Lauder Cos. — whose brand portfolio includes Bumble and Bumble, American Beauty, Aveda and La Mer — has appointed Tracey Travis as EVP and CFO.

She will jointly report to executive chairman William Lauder and Fabrizio Freda, president and CEO. Travis will assume her new position on Aug. 20.

June 19, 2012

The days of Walgreens quarterly conference calls focusing primarily on lost prescriptions from the Express Scripts pharmacy network soon may be over with the retail pharmacy's announcement early Tuesday morning that Walgreens and the U.K. pharmacy operation Alliance Boots would merge.

DEERFIELD, Ill. — The days of Walgreens quarterly conference calls focusing primarily on lost prescriptions from the Express Scripts pharmacy network soon may be over with the retail pharmacy's announcement early Tuesday morning that Walgreens and the U.K. pharmacy operation Alliance Boots would merge.

May 2, 2012

Former Clorox EVP and CFO Daniel Heinrich has been added to Energizer's board of directors, the company announced.

ST. LOUIS — Former Clorox EVP and CFO Daniel Heinrich has been added to Energizer's board of directors, the company announced.

Heinrich, whose term of office expires at Energizer's 2013 annual meeting of stockholders, brings more than 34 years of experience to the role. He also has been appointed to the nominating and executive compensation committee. With the addition of Heinrich, Energizer's board now consists of 10 directors, nine of whom meet the standards of the New York Stock Exchange for independence.

April 10, 2012

Family Dollar has named Mary Winston to the position of EVP and CFO.

MATTHEWS, N.C. — Family Dollar has named Mary Winston to the position of EVP and CFO. Winston will report to Howard Levine, chairman and CEO, and will have executive responsibility for Family Dollar’s financial operations, including accounting, treasury, tax, financial planning, investor relations and internal audit.

April 9, 2012

Safeway on Monday evening promoted Robert Edwards to president of the company. Edwards had served as Safeway's EVP and CFO since 2004.

PLEASANTON, Calif. — Safeway on Monday evening promoted Robert Edwards to president of the company. Edwards had served as Safeway's EVP and CFO since 2004.

April 4, 2012

Walgreens posted March sales of $6 billion, a decrease of 4.3% compared with the same month in fiscal year 2011.

DEERFIELD, Ill. — Walgreens posted March sales of $6 billion, a decrease of 4.3% compared with the same month in fiscal year 2011.

February 13, 2012

AmerisourceBergen on Monday announced that Michael DiCandilo, the company's EVP and CFO, has left the company to pursue other interests, effective immediately.

VALLEY FORGE, Pa. — AmerisourceBergen on Monday announced that Michael DiCandilo, the company's EVP and CFO, has left the company to pursue other interests, effective immediately.

January 25, 2012

Acadia Healthcare on Wednesday announced that it has named Walgreens veteran Wade Miquelon to its board of directors.

FRANKLIN, Tenn. — Acadia Healthcare on Wednesday announced that it has named Walgreens veteran Wade Miquelon to its board of directors.

"Wade Miquelon brings tremendous expertise in a range of disciplines to Acadia, as well as valuable perspectives from his work with both large established companies and young growth companies," stated Joey Jacobs, Acadia chairman and CEO. "We welcome Wade to the board, confident of his ability to contribute to the company's long-term growth in earnings and shareholder value."

January 24, 2012

Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

MINNEAPOLIS — Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011.

November 16, 2011

Walgreens took to the road the week before Thanksgiving to talk turkey with analysts on why Walgreens is a good bet going into 2012, even if the pharmacy won't be participating in the Express Scripts pharmacy network this coming year.

NEW YORK — Walgreens took to the road the week before Thanksgiving to talk turkey with analysts on why Walgreens is a good bet going into 2012, even if the pharmacy won't be participating in the Express Scripts pharmacy network this coming year.

November 11, 2011

A former Goldman Sachs executive will join Valeant Pharmaceuticals as EVP and CFO.

MISSISSAUGA, Ontario — A former Goldman Sachs executive will join Valeant Pharmaceuticals as EVP and CFO.

Howard Schiller will take over the position from Philip Loberg, who has been serving as Valeant's interim CFO on Dec. 1. Prior to his new role, Schiller was COO for Goldman Sachs' investment banking division until his retirement in January.

November 1, 2011

The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

MINNEAPOLIS — The unexpected announcement that Target EVP and CFO Doug Scovanner will retire on March 31, 2012, has investors speculating about the reasons for his departure following the recent exit of other key executives.

Analysts at Bernstein Research pointed to the fact that no successor has been named, suggesting that the retirement was not a long-planned event. However, the firm said it believed that despite the unexpected news, this appeared to be a true retirement and doesn't anticipate seeing Scovanner in a CFO role at another major company.

October 7, 2011

Clorox announced that EVP and CFO Dan Heinrich, who has served as financial chief of the company since 2003, will retire Nov. 16.

OAKLAND, Calif. — Clorox announced that EVP and CFO Dan Heinrich, who has served as financial chief of the company since 2003, will retire Nov. 16.

In addition to his current role leading all aspects of the finance, business development and investor relations functions and corporate administrative services, during his career with Clorox, Heinrich also oversaw the corporate communications, risk management and IT functions. Heinrich, who joined the company in 2001 and controller, also is a member of the company's executive committee.