Woonsocket, R.I. CVS Caremark has been named the most-admired company in its industry, the food and drug stores sector, by Fortune magazine.
"This achievement reflects the deep commitment that our CVS Caremark colleagues across the country have made to our mission of providing our customers with innovative solutions in pharmacy and health care. We couldn't be more pleased to be named the most admired company in our industry," stated Tom Ryan, chairman, president and CEO of CVS Caremark.
In addition innovation and shareholder value, Fortune's scorecard for CVS Caremark included second-place honors in the categories of people management, use of corporate assets and financial soundness.
This result will be published, along with the magazine's full "World's Most Admired Companies" results, on March 22. The annual Fortune ranking is based on national surveys of investment analysts, board of directors and business executives.
CVS Caremark's No. 1 rank in Fortune's Most-Admired Companies survey follows the company's recent inclusion in the 100 Best Corporate Citizens List as ranked by Corporate Responsibility Magazine.