Lisa Bisaccia to succeed Mike Ferdinandi, effective January 1, 2010
WOONSOCKET, R.I., Dec. 11 /PRNewswire/ -- CVS Caremark (NYSE: CVS) has announced the appointment of Lisa Bisaccia as Senior Vice President and Chief Human Resources Officer, effective January 1, 2010. Bisaccia will replace Mike Ferdinandi who has announced his retirement.
Bisaccia, who is currently Vice President, Human Resources, CVS Caremark, has more than 30 years of human resources experience. Since joining CVS Caremark in 2004, Bisaccia has made many contributions to the business. She has led major human resources initiatives including enhancing compensation practices, restructuring human resources processing functions, and successfully managing all human resources support for the retail business.
"I am delighted that Lisa will be able to apply the expertise she has gained through her years across our corporate enterprise to her new role as our chief human resources officer," said Tom Ryan, Chairman, President and CEO. "Lisa will bring tremendous leadership to our growing organization of more than 200,000 CVS Caremark colleagues. Not only does she have a talent for inspiring, she also has an exceptional ability to align human resources and operations to deliver positive business results."
Prior to joining CVS Caremark, Bisaccia held a senior human resources position with FleetBoston Financial as the head of compensation and benefits. Her prior experience also includes human resource consulting in the banking, health care and not-for-profit business segments. She is a graduate of Trinity College in Hartford and earned her MBA from the University of Connecticut. Bisaccia is a member of the Human Resources Policy Institute and the Society for Human Resource Management.
Bisaccia succeeds Mike Ferdinandi who served in a variety of senior human resources positions at CVS Caremark for more than ten years. As he retires, Ferdinandi plans to remain actively engaged in the human resources and business community through corporate board directorship roles.
About CVS Caremark
CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 7,000 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations section of the Company's Web site, at www.cvscaremark.com/investors, as well as through the press room section of the Company's Web site, at www.cvscaremark.com/newsroom.
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