Inside This Issue - News
CVS sets PBM succession plan
April 9th, 2012
WOONSOCKET, R.I. – CVS Caremark Corp. has announced succession plans for the leadership of its pharmacy benefit management (PBM) business.
Jon Roberts, executive vice president and chief operating officer of Caremark Pharmacy Services, will take the title of president, now held by Per Lofberg, as of September 1. He will continue to report to Lofberg, who in turn will continue to report to Larry Merlo, president and chief executive officer of CVS.
During CVS’ analysts conference last December Lofberg had declared his intention to extend his employment agreement with CVS through December 2013. With Roberts’ elevation to the role of president, Lofberg will transition to a focus on driving the PBM’s strategy, developing new business and managing and retaining client relationships, serving, according to a press release, “effectively as chairman of the PBM.”
For his part, Roberts will take over day-to-day oversight of the PBM segment, including sales and account management and operations. A pharmacist by training, Roberts has more than 30 years of pharmacy health care experience, 21 of which have been with CVS.
Roberts has been executive vice president and chief operating officer of Caremark Pharmacy Services since 2010. He previously was responsible for pharmaceutical purchasing, pricing and network relations.
During his earlier tenure as CVS’ chief information officer, Roberts led RxConnect, which boosted the company’s retail pharmacy performance. He also logged more than 14 years in the company’s retail business, serving in a variety of management roles, including senior vice president of retail operations.
“Jon is the right leader to build on the tremendous foundation that Per Lofberg has created for long-term success,” says Merlo. “Jon is a results-driven leader, whose analytical approach has served him well in the variety of roles he has held over his 20-year tenure with CVS Caremark.
“His broad base of pharmacy experience will further our mission to continually improve how we do business and look for ways to do it better, more efficiently and at a lower cost.”