Beauty Industry

CVS Appoints New President

Mark Cosby, formerly of Macy’s, will become president of CVS/pharmacy.

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By: Jamie Matusow

Editor-in-Chief

Mark S. Cosby has been named president of CVS/pharmacy effective October 1, 2011. Cosby, 52, most recently served as Macy’s president of stores where he ran all Macy’s store operations and support functions nationwide.

“We’re delighted that Mark is joining our team,” said Larry J. Merlo, president and CEO of CVS Caremark. “His valuable experience at major retailers in operations and strategic planning makes him an excellent choice to lead our retail business going forward. I am confident that Mark will bring a strong vision, great energy, and new ideas to CVS/pharmacy as we continue to refine our model and introduce innovations that position us for ongoing success and industry leadership.”

Cosby succeeds Merlo who led the company’s retail business prior to taking over as CEO of CVS Caremark in March of this year. As president, Cosby will oversee the company’s retail business including its more than 7,200 retail stores, 19 distribution centers and e-commerce site.

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