Content about Larry Merlo

February 7, 2011

Pharmacy's role in the U.S. healthcare system has expanded dramatically over the past two years, thanks to several victories gained through pharmacy care and services.

NAPLES, Fla. — Pharmacy's role in the U.S. healthcare system has expanded dramatically over the past two years, thanks to several victories gained through pharmacy care and services.

Speaking at the National Association of Chain Drug Stores' Regional Chain Conference, NACDS board chairman and CVS Caremark president and COO Larry Merlo said that scientific research has further demonstrated how care and services provided by pharmacists and pharmacies have improved health outcomes of patients and cut costs for the healthcare system.

February 3, 2011

CVS Caremark announced on Thursday an increase in fourth-quarter same-store sales and a boost in retail pharmacy revenues as pharmacy comparable-store sales benefited from the Maintenance Choice program.

WOONSOCKET, R.I. — CVS Caremark announced on Thursday an increase in fourth-quarter same-store sales and a boost in retail pharmacy revenues as pharmacy comparable-store sales benefited from the Maintenance Choice program.

"I'm pleased with our earnings this quarter, which were in line with our expectations. Our retail business continued to produce industry-leading same-store sales and achieved an all-time record operating margin," stated Larry Merlo, who currently serves as president and COO and will be taking the reins as CEO in March.

February 3, 2011

What will define success for CVS Caremark in the years ahead? If you ask incoming CEO Larry Merlo, it all comes down to three things: flawless execution, cross-functional thinking and management, and enhancing value. Not coincidentally, those are three key reasons Merlo inherited the top spot at the company.

WOONSOCKET, R.I. — What will define success for CVS Caremark in the years ahead? If you ask incoming CEO Larry Merlo, it all comes down to three things: flawless execution, cross-functional thinking and management, and enhancing value. Not coincidentally, those are three key reasons Merlo inherited the top spot at the company.

February 1, 2011

WOONSOCKET, R.I. — The next chapter for CVS Caremark officially is under way. The company last month officially named Larry Merlo CEO, effective March 1. Tom Ryan will remain nonexecutive chairman until his retirement in May. Prior to the news, Merlo had been president and COO.

January 28, 2011

The news that Larry Merlo is taking the helm at CVS Caremark was expected, but that doesn't take away from its significance.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Larry Merlo is taking the helm at CVS Caremark was expected, but that doesn't take away from its significance.

(THE NEWS: Merlo to assume CEO role at CVS Caremark. For the full story, click here)

Since beginning his career in chain pharmacy in 1978 with People's Drug (which CVS acquired in 1990), Merlo has become an operations guru who wrote the book on successfully integrating acquisitions.

January 24, 2011

The next chapter for CVS Caremark officially is under way as the company announced on Monday the next stage of its previously announced transition plan and officially named Larry Merlo, president and COO, as CEO, effective March. 1.

WOONSOCKET, R.I. — The next chapter for CVS Caremark officially is under way as the company announced on Monday the next stage of its previously announced transition plan and officially named Larry Merlo, president and COO, as CEO, effective March. 1.

Tom Ryan, chairman, president and CEO, will remain nonexecutive chairman until his retirement at the company’s annual meeting of shareholders in May.

January 18, 2011

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.

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.

January 14, 2011

Larry Merlo’s comments during the recent J.P. Morgan Healthcare Conference on the upswing in acute visits at MinuteClinic is important because it speaks to the fact that 2011 is the beginning of the second wave of clinic expansion.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Larry Merlo’s comments during the recent J.P. Morgan Healthcare Conference on the upswing in acute visits at MinuteClinic is important because it speaks to the fact that 2011 is the beginning of the second wave of clinic expansion.

(THE NEWS: Acute visits climb as MinuteClinic preps for rapid growth. For the full story, click here)

January 12, 2011

CVS Caremark's retail-based clinic operator, MinuteClinic, is experiencing exponential gains in utilization and posted a 22% increase in acute visits during the past year, Larry Merlo, CVS Caremark president and COO, told investors Wednesday during the J.P. Morgan Healthcare Conference.

WOONSOCKET, R.I. — CVS Caremark's retail-based clinic operator, MinuteClinic, is experiencing exponential gains in utilization and posted a 22% increase in acute visits during the past year, Larry Merlo, CVS Caremark president and COO, told investors Wednesday during the J.P. Morgan Healthcare Conference.

January 10, 2011

The healthcare system needs to find ways to help patients with such complex therapies as chronic heart disease to simplify and centralize their medication management and create a "pharmacy home" to improve medication adherence, according to a new study conducted by researchers from Harvard Medical School, Brigham and Women's Hospital and CVS Caremark.

WOONSOCKET, R.I. — The healthcare system needs to find ways to help patients with such complex therapies as chronic heart disease to simplify and centralize their medication management and create a "pharmacy home" to improve medication adherence, according to a new study conducted by researchers from Harvard Medical School, Brigham and Women's Hospital and CVS Caremark.

December 3, 2010

CVS Caremark announced on Friday that former Walmart North executive Hank Mullany will succeed Larry Merlo as president of CVS/pharmacy. The move is part of the corporate succession plan announced last May in which Tom Ryan will retire as CEO prior to the next annual meeting and Merlo will step up as CEO.

WOONSOCKET, R.I. — CVS Caremark announced on Friday that former Walmart North executive Hank Mullany will succeed Larry Merlo as president of CVS/pharmacy. The move is part of the corporate succession plan announced last May in which Tom Ryan will retire as CEO prior to the next annual meeting and Merlo will step up as CEO.

October 10, 2010

If the retail industry’s premier pharmacy gathering gave any clear signal about the state of...

October 7, 2010

The theme of CVS Caremark’s 2010 analyst meeting held Friday morning here in New York...

September 30, 2010

October is American Pharmacists Month, and CVS Caremark has announced that it is recognizing its...

September 26, 2010

If ever there was a time for retail pharmacists to assert their role and ride...

August 31, 2010

The charitable arm of the National Association of Chain Drug Stores received contributions from several...

August 29, 2010

If there ever was a time for retail pharmacists to assert their role in a...

June 6, 2010

And there is a good reason for it....

And there is a good reason for it.

You probably have already noticed, this issue is jammed with great stuff, from our special report, 7 Deadly Sins of SKU Rationalization, to the exclusive Retail Store of the Year section, highlighting winners from Drug Store News’ sister publication Chain Store Age’s annual store design competition. There just isn’t a lot of room for me and my opinion in this issue.

May 16, 2010

It rained hard on the third morning of the 2010 National Association of Chain Drug...

May 11, 2010

CVS Caremark chairman, president and CEO Tom Ryan has announced that he will retire as...

April 29, 2010

The idyllic Palm Beach setting is splendid. The weather usually is sunny and sublime. And...

WHAT IT MEANS AND WHY IT'S IMPORTANT The idyllic Palm Beach setting is splendid. The weather usually is sunny and sublime. And the service, food and amenities served up by The Breakers nearly always are flawless.

(THE NEWS: Time to assert pharmacy’s role, new NACDS chairman urges. For the full story, click here)

November 15, 2009

A couple of issues back I wrote a column about a question a guy asked...

A couple of issues back I wrote a column about a question a guy asked me at conference earlier this fall: “So, who’s bigger—CVS or Walgreens?” Ironically, it was the week each company opened its 7,000th store. The point: If you’re measuring these companies based solely on who operates the most stores, if that’s the way you’re keeping score, you’re watching the wrong game.

I still believe that.