WOONSOCKET, R.I., Nov. 23, 2020 /PRNewswire/ -- CVS Health
Corporation (NYSE: CVS) today announced that Neela Montgomery has been named Executive Vice
President and President of CVS Pharmacy/Retail, effective
November 30, 2020. Montgomery will
oversee the company's 10,000 pharmacies across the United States.
"Neela is a seasoned retail industry leader with extensive
digital and e-commerce experience," said Karen S. Lynch, who will become President and
CEO of CVS Health in February 2021.
"She brings deep consumer insights that will allow us to better
anticipate consumers' changing needs and deliver even more value to
our customers in local, personalized ways. Neela is well-positioned
to lead CVS Pharmacy today and into the future."
Montgomery, currently a Board Partner at venture capital firm
Greycroft, most recently served as chief executive officer of
furniture retailer Crate & Barrel and has nearly 20 years of
global retail experience. As CEO of Crate & Barrel, she
transformed its online sales channel to more than 50 percent of the
company's total revenue. In 2019 she was named to the "Top Women in
Retail" list by the Women in Retail Leadership Circle. Prior to
Crate & Barrel, she served as Group Executive Board Member of
the Otto Group, a global retail and services group and one of the
leading e-commerce retailers in the world.
Before joining Otto, she served as UK General Merchandise
Director at Tesco PLC, the British multinational retailer and a top
10 international retailer. She held a number of senior management
positions with Tesco, including UK e-commerce director and chief
merchant for Tesco Malaysia.
"I am thrilled to lead CVS Pharmacy with its 190,000 dedicated
colleagues and join such an outstanding leadership team," said
Montgomery. "CVS Pharmacy plays a unique and important role in the
health needs and lives of Americans. Increasingly these health care
touch points will be digital, virtual and in-person. This is a
fantastic opportunity to help accelerate the company's bold vision
to deliver consumer health services in the community and ensure CVS
Pharmacy plays an essential role in customers' health moments."
Montgomery will report directly to Lynch and become a member of
the company's executive team. She earned a Bachelor of Arts degree
in Literature and Language from Oxford
University and holds an MBA from INSEAD in France and Singapore.
Montgomery is a member of Logitech's board of directors and was
named a 2020 Henry Crown Fellow at the Aspen Institute.
CVS Pharmacy has performed a critical role during the pandemic,
providing essential goods and pharmacy services, as well as the
most COVID-19 testing of any retailer. When COVID-19 vaccines
become available, CVS Pharmacy will be on the frontlines of vaccine
administration. The company, which will provide nearly 20 million
flu vaccines this year, has reached agreements with the Department
of Health and Human Services to provide COVID-19 vaccines to
long-term care facilities and to the general population.
More information on steps CVS Health has taken to address the
COVID-19 pandemic is available at the company's frequently
updated COVID-19 resource center.
About CVS Health
CVS Health is a different kind of health care company. We are
a diversified health services company with nearly 300,000 employees
united around a common purpose of helping people on their path to
better health. In an increasingly connected and digital world,
we are meeting people wherever they are and changing health care to
meet their needs. Built on a foundation of unmatched community
presence, our diversified model engages one in three Americans each
year. From our innovative new services at
HealthHUB® locations, to transformative programs
that help manage chronic conditions, we are making health care
more accessible, more affordable… and simply better. Learn
more about how we're transforming health
at www.cvshealth.com.
Media contact
Matt
Blanchette
CVS Pharmacy Communications
401-524-6185
Matthew.Blanchette@CVSHealth.com
Investor contact
Valerie
Haertel
Senior Vice President, Investor Relations
401-770-4050
Valerie.Haertel@CVSHealth.com
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SOURCE CVS Health