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CVS exec to serve on FASAC committee.

WOONSOCKET, R.I. -- CVS Corp. has announced that David Rickard, executive vice president, chief financial officer and chief administrative officer, has been appointed to the steering committee of the Financial Accounting Standards Advisory Council (FASAC) for a two-year term.

The mission of the FASAC is to advise the Financial Accounting Standards Board (FASB) on issues related to the FASB's project priorities and other related matters.

The FASB was established in 1973 to establish standards of financial accounting and repotting in the United States--standards that are officially recognized by the Securities and Exchange Commission and the American Institute of Certified Public Accountants.

As a member of the FASAC steering committee, Rickard will participate in the process of advising the FASB, including determinations involving the board's working agenda.

"The selection of David Rickard to serve on the FASAC steering committee is a testament to his years of expertise in overseeing financial matters at the highest level and his well-earned reputation for integrity and attention to detail," says Tom Ryan, CVS' chairman, president and chief executive officer.

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Title Annotation:CVS executive VP/chief financial officer/chief administrative officer David Rickard, Financial Accounting Standards Advisory Council
Comment:CVS exec to serve on FASAC committee.(CVS executive VP/chief financial officer/chief administrative officer David Rickard, Financial Accounting Standards Advisory Council)
Publication:Chain Drug Review
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 2, 2004
Words:174
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