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11 I 2007 Annual Report
Chris Bodine
President
CVS Caremark Health Care Services
Larry Merlo
President
CVS/pharmacy — Retail
Howard McLure
President
Caremark Pharmacy Services
Thoughts From Our Presidents
“ I’ve been a part of CVS
for more than 20 years.
Today, we’re a company
like no other, and I’ve
never been more excited
about our opportunities
for growth. We’re so
much more than just
a pharmacy chain
or standalone PBM.
Through MinuteClinic
and a wide variety of
health management
programs, we’re going
to play an important role
in improving the delivery
of health care services
in the United States.”
“ We added more than
2,000 stores over the
past three years through
organic growth and
acquisitions. That’s a
tremendous feat. Even
more remarkable was
the ability of our people
to integrate our acquired
locations while remaining
focused on the core
business. Our greatly
expanded retail footprint
will play an important
role for our Caremark
business as well, allowing
us to structure plans that
allow for contact with
in-store pharmacists and
the use of MinuteClinic.”
“ Caremark has long had
a reputation for strong
clinical programs and
superior customer
service. Now we have
an opportunity to take
our offerings to the
next level and provide
payors and patients with
options that no other
PBM can offer. We’ve
really changed the rules
of the PBM business,
and we expect to see
signicant share gains
over time as a result.”