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CVS Caremark names new president

CVS Caremark, a US based pharmacy health care provider, has named Mark Cosby as the new president, effective 1 October 2011.

Previously, Cosby worked as the president and chief operating officer of Macy’s East, and senior vice president for Property Development of Federated Department Stores.

CVS Caremark president and CEO Larry Merlo said his experience at major retailers in operations and strategic planning makes him an excellent choice to lead their retail business going forward.