CVS Caremark Corp. said Monday that Larry Merlo will take the reins as the drugstore chain operator’s chief executive in March, two months earlier than expected.
Merlo, who is CVS’ chief operating officer, will become CEO March 1, replacing Thomas Ryan. He had been expected to become CEO in May, according to a succession plan laid out last year. The company did not explain why Merlo’s start date had been moved up. Get the full story »
