What makes Larry J Merlo a Global Shaker?
Merlo’s Career at CVS Health is nothing short of a movie-like success story. Trained as a pharmacist, he joined Peoples Drugs as a management trainee and began working for CVS when it acquired in 1990. He quickly rose through the corporate ranks and was appointed Executive Vice President of CVS – Stores in 1997.
Hopping through a few more roles, he became the Chief Executive Officer of CVS Health in 2011. Merlo has been regarded by commentators on the American healthcare industry and his peers as one of the most effective CEOs in the business. He was paid a total compensation of $41 Million in 2017, indicative of the companies success in the year. Under Merlo, CVS health became America’s largest drug retailer and the second largest pharmacy benefits manager.
As part of this deep commitment to public health, in 2014 the company announced the landmark decision to be the first major retail pharmacy to eliminate tobacco sales in all of its stores.
Last updated: May 21, 2019
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