Walmart and Humana team up on prescription program
Bentonville, Ark. — Walmart is partnering with health services company Humana Inc. to offer a new prescription drug plan for insured employers and employees. Humana’s pharmacy benefits management subsidiary, Humana Pharmacy Solutions, will now offer the Walmart Rx Network. The partnership will also offer a new formulary, or approved drug list, called Rx4Value.
Humana said the new formulary and the Walmart Rx Network guarantee up to 20% savings on employers’ average prescription price. The program is available to self-insured employers and will be available to fully insured employers later this year.
“At Walmart, we’re committed to providing low-cost prescriptions and ensuring that people have affordable access to the medications they need to help them live healthier lives,” said John Agwunobi, president of Walmart U.S. health and wellness. “We are proud to team with Humana on this innovative benefit.”
Dave & Buster’s hires BJ’s VP to head up store development
Dallas — Dave & Buster’s Inc. named John Mulleady as senior VP development, responsible for leading the company’s expansion strategy into new and under-penetrated markets. He most recently served as VP real estate and construction at BJ’s Wholesale Club.
"Dave & Buster’s has big plans for expansion, and we needed a leader with experience opening a large number of new stores. John’s background in developing large-format brands makes him the ideal person to lead this charge,” said Steve King, CEO of Dave & Buster’s.
Best Buy: Search for CEO could take up to nine months
Minneapolis — Best Buy announced that it is creating a committee to run a global search for a new CEO to replace Brian Dunn, who resigned on Thursday. The retailer said the search could take six to nine months to complete.
The committee will be headed by Kathy J. Higgins Victor, a board member and chairwoman of Best Buy’s nominating committee. Six search firms will be interviewed and the final search firm partner will be selected in the next few weeks, the chain said in a statement.
The Minneapolis Star Tribune and other media sources reported on Thursday that Best Buy’s audit committee is investigating whether Dunn used company resources to carry on an inappropriate relationship with a female staffer.