Mullany Named President Of CVS Pharmacy Unit

 

Hank Mullany, who abruptly resigned as Wal-Mart’s North Region president on November 3, has surfaced and will join CVS Caremark as president of the Woonsocket, RI firm’s CVS pharmacy unit, effective December 6.  Mullany, 52, has nearly 30 years of executive retail leadership with a strong background in operations, finance and strategic planning. His four year stay at Wal-Mart included responsibility for 1,300 stores across 19 states.  Earlier in his career, Mullany served in various senior management positions, including as president of Genuardi’s Family Markets, Plymouth Meeting, PA. Mullany, a certified public accountant, earned both his bachelor’s degree and MBA from Temple University.

 “Hank brings a wealth of experience to his new role and understands the many demands and challenges of the retail business.  His expertise, along with his demonstrated ability to execute strategies and produce outstanding results, make him the right candidate to drive continued growth in our retail business and further our industry leadership for many years to come,” said Larry J. Merlo, president and COO, CVS Caremark.

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 “Hank is the right candidate to fill this role,” CVS Caremark Chairman and CEO Tom Ryan added.  “His broad base of retail experience will further our mission to provide customers with expert care and innovative solutions. Hank’s proven track record as a leader will continue to set us apart in today’s competitive marketplace.”

 Mullany succeeds Merlo who continued to hold responsibility for CVS/pharmacy retail operations while the search for a successor was ongoing.  As announced as part of a corporate succession plan last May, Ryan plans to retire from his position as CEO prior to the next annual meeting at which time Merlo will succeed Ryan as CEO.