OPERATIONS

Macy’s executive moving to CVS

BY Staff Writer

New York City — CVS Caremark announced that Mark Cosby has been appointed president of CVS/pharmacy, effective Oct. 1. He formerly served as president of stores for Macy’s.

“We’re delighted that Mark is joining our team,” Larry Merlo, CEO of CVS Caremark (NYSE: CVS) said in a news release. “His valuable experience at major retailers in operations and strategic planning makes him an excellent choice to lead our retail business going forward.”

Cosby succeeds Merlo, who led CVS’ retail business prior to taking over as CEO in March 2011.

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OPERATIONS

Honeywell completes EMS acquisition

BY Staff Writer

Morris Township, N.J. — Honeywell announced that it has completed its acquisition of EMS Technologies, for approximately $491 million. EMS is a leading provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications.

The acquisition will enhance Honeywell’s existing capabilities in rugged mobile computing technologies within its Automation and Control Solutions business (ACS) and satellite communications within its Aerospace business. EMS’s Global Resource Management (GRM) division provides highly ruggedized mobile computing products and services for use in transportation, logistics, and workforce management settings as well as secure satellite-based asset tracking and messaging technology for search and rescue, warehousing, and field force automation environments.

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