Content about EVP

BENTONVILLE, Ark. — In a swift move by Walmart, Duncan Mac Naughton has been appointed the retailer's chief merchandising officer for its U.S. division, less than three months after being named the company's merchandising EVP.

Mac Naughton, who joined Walmart in October, was part of the big-box retailer's restructuring of the merchandising department, which involved divvying the responsibilities among four EVPs, directly reporting to Walmart U.S. president and CEO Bill Simon. Mac Naughton oversaw the consumables, health-and-wellness and Walmart.com businesses.

WOONSOCKET, R.I. — CVS Caremark has pulled the plug on its plan to hire former Walmart exec Hank Mullany, and is handing the keys to its retail business on an interim basis to Mike Bloom, EVP merchandising and supply chain, and Scott Baker, EVP internal operations and real estate, who will assume management for the company’s 7,100-plus stores.

Bloom and Baker, who will report to Larry Merlo, president and COO of CVS Caremark, are assuming these duties on an interim basis, pending the completion of the company's search for a new president of CVS/pharmacy.

MINNEAPOLIS — Two leaders of Target have been appointed to the retailer's executive committee.

Tina Schiel, SVP enterprise strategy and new business development, was promoted to EVP stores and will join the executive committee, while Laysha Ward, who will retain her position as Target's community relations president and Target Foundation president, also will join the executive committee.

BENTONVILLE, Ark. — As Walmart’s U.S. stores division looks to execute a broad slate of initiatives in the coming year to recharge domestic growth, it does so under the leadership of a new chief executive and a restructured merchandising organization.


BENTONVILLE, Ark. — Sam’s Club promises to be an even more formidable competitor in the health-and-wellness space in the years ahead, judging from the strategic priorities now in place as part of a broad-based strategy known as Project Portfolio.


FORT WORTH, Texas — Regional specialty pharmacy chain ReCept has appointed several people to new executive positions, the company said Wednesday.

ReCept, which owns 15 stores in Texas and specializes in compounding pharmacy services for people with such conditions as HIV/AIDS and cancer, announced the appointments of Nicky Otts as chairman and CEO, Carmine DeNardo as president and COO, Rob Jarvis as EVP sales and chief marketing officer, Jeff Brumbaugh as chief information officer and Stephanie Romero as VP finance.

MINNEAPOLIS — A 20-year veteran at Supervalu will become a senior counselor outside of the company for one year.

David Boehnen, who as EVP was responsible for legal, business development, real estate and store development, as well as government affairs, will leave his post at the retailer but will serve as a senior counselor for Supervalu president and CEO Craig Herkert for one year.

The change is effective Dec. 15.

PURCHASE, N.Y. — A former Wyeth executive has been named PepsiCo's EVP global corporate affairs.

Tim Cost, who will report to PepsiCo chairman and CEO Indra Nooyi, officially will join the company Dec. 1. In the newly created position, Cost will be responsible for strengthening and protecting PepsiCo's corporate reputation and strategically aligning its communications, public policy, foundation, investor relations, global health and agricultural policy, and regulatory agendas.

SILVER SPRING, Md. The main lobbies for the biotechnology and generic drug industries, and a leading manufacturer of generic drugs, testified Wednesday at a hearing sponsored by the Food and Drug Administration to collect public and industry input on the implementation of the regulatory approval pathway for follow-on biologics included in the healthcare-reform bill.

WOONSOCKET, R.I. —CVS Caremark has been heavily focused on the healthcare arena, leveraging its various points of care to improve medication outcomes and lower healthcare costs—but that’s not to say that the front end has fallen by the wayside. In fact, the retailer is in the midst of writing a prescription for front-end growth that involves a new store brand and new beauty innovations.