OPERATIONS

CVS Announces Two Key Exec Promotions

BY CSA STAFF

Woonsocket, R.I., CVS Corp. has announced the promotions of two key executives. Larry Merlo has been promoted to the newly created position of president of CVS/pharmacy, retail. Chris Bodine has been promoted to the new position of president of CVS Health Services. These new assignments have been made in response to the company’s rapid growth and to help support future expansion.

Merlo, who most recently served as CVS’s executive VP of stores, has been with the company for over 16 years and has more than 25 years of chain drug experience. In his new role, Merlo will be responsible for store operations, merchandising, logistics, inventory, marketing and field operations support.

Formerly executive VP of merchandising and marketing, Bodine’s experience at CVS spans more than 20 years. His new responsibilities will include pharmacy merchandising, business development, IT, MinuteClinic and PharmaCare.

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FINANCE

Merchant Risk Council to Hold Conference

BY CSA STAFF

Seattle, The Merchant Risk Council (MRC), an association for preventing online fraud and promoting secure e-commerce, will hold its 5th annual conference March 12-15, 2007, at the Wynn Las Vegas.

The conference attracts CFOs and risk-management professionals from the retail industry, e-commerce payment and risk-management vendors, credit-card and alternative-payment company representatives, as well as law-enforcement professionals.

Information about the conference can be found on www.merchantriskcouncil.org/conference.

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OPERATIONS

Appointment at Ann Taylor

BY CSA STAFF

New York City—, Ann Taylor Stores Corp. has hired George Sappenfield as senior VP, real estate and construction. He is responsible for all aspects of the retailer’s real estate strategy and construction activities.

Sappenfield most recently was with Asset Strategies Group, a real estate consulting firm.

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