TJX Cos. announces senior management shifts
Framingham, Mass. — The TJX Cos. announced Wednesday several senior management shifts, including moving current Marmaxx Group head Michael MacMillan to the company’s European division.
MacMillan, who has been in charge of the company’s largest division comprised of T.J. Maxx and Marshalls, will now be senior executive VP of TJX Europe. MacMillan replaces Paul Sweetenham, who recently resigned.
The current president of HomeGoods, Richard Sherr, will return to Marmaxx Group as senior executive VP.
The company said that Ernie Herrman will continue as TJX president, a title he assumed in February 2011, and will continue to report to Carol Meyrowitz, CEO of The TJX Cos.
Jeffrey Naylor, senior executive VP, CFO and chief administrative officer, will continue in his current role, as will Nan Stutz, senior executive VP, group president with responsibility for TJX Canada and HomeGoods.
Vitamin Shoppe president joins Express board
Columbus, Ohio — Express has announced changes to its board of directors. Michael Archbold, president and COO of Vitamin Shoppe, has been appointed to the board as a class I director, effective Jan. 3.
Archbold joined Vitamin Shoppe in 2007 as CFO and COO. He was promoted to president in 2011. Previously, he was executive VP, CFO and chief administrative officer of Saks Fifth Avenue.
Archbold will also serve on the company’s audit committee, replacing Stefan Kaluzny, co-founder of Sycamore Partners, who resigned in late 2011. His appointment brings Express back into compliance with the New York Stock Exchange’s listing rule that requires three independent directors on its audit committee.
CVS/pharmacy launches online service for military members, vets and families
WOONSOCKET, R.I. — CVS/pharmacy has launched a new service on its CVS.com website to assist military service members, veterans and their families who need to transfer their prescriptions to a pharmacy that lets them continue using their Tricare prescription insurance coverage.
Tricare members will find at CVS.com/tricare all of the information they need to transfer their prescriptions to one of CVS/pharmacy’s 7,300 pharmacies across the United States. To help raise awareness of CVS/pharmacy’s new Web page for Tricare members, the company will donate $3 to the USO for every person who visits the site between Jan. 1 and Jan. 31, up to a total of $50,000.
"CVS/pharmacy is committed to helping Tricare members on their path to better health, which is why we want to make it as easy as possible for members whose insurance may no longer be accepted at their current pharmacy to transfer their prescriptions to us," stated Papatya Tankut, VP professional pharmacy services at CVS/pharmacy. "To help ensure that patients take their medications appropriately and safely, it is important that they have all their prescriptions filled at the same pharmacy. CVS/pharmacy can fill all existing and new prescriptions for Tricare members."