CVS Names V. Michael Ferdinandi Senior Vice President of Human Resources and Corporate Communications.Business Editors WOONSOCKET, R.I.--(BUSINESS WIRE)--May 24, 2002 CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corporation (NYSE NYSE See: New York Stock Exchange :CVS) today announced that it has named V. Michael Ferdinandi to the position of Senior Vice President of Human Resources and Corporate Communications. Ferdinandi joined CVS in 1999 as Vice President of Human Resources. "This is a key position in our organization, with responsibility for managing our company's most important asset, our people. We conducted an extensive search of candidates for this job both inside and outside of CVS and after carefully weighing every candidate, it was clear that Mike's business experience, his work ethic and perhaps most important, his clear focus on our CVS customers and colleagues, made him the right person for the job," said Tom Ryan, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CVS. Before coming to CVS, Ferdinandi served as Vice President of Operations for PepsiCo. -Canada and also as Director of Organizational Capability for Pepsi's bottling enterprises in the Eastern U.S. Prior to Pepsi, he held several operations and training positions within the Ford Motor Company's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Division. In addition to his work experience, he has an undergraduate degree and a master's degree in Industrial Education from Rhode Island College
CVS is America's #1 pharmacy, dispensing prescriptions in more stores than any other retailer. With annual revenues that exceed $22 billion, CVS has created innovative approaches to serve the healthcare needs of all of its customers through 4,000 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. company. General information about CVS is available through the Investor Relations portion of the Company's website, at http://www.CVS.com. |
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