|Kevin F. Smith Joins CVS to Head Logistics|
|Vice President of Logistics & Customer Support at Heinz U.S.A. Assumes New CVS Role in February
WOONSOCKET, R.I.--(BUSINESS WIRE)--Feb. 15, 2000--CVS Corporation (NYSE:CVS) today announced Kevin F. Smith will become the new Senior Vice President of Logistics. In his new role, Smith is responsible for managing CVS/pharmacy's supply chain, including the 10 CVS distribution centers that supply all of CVS's 4,100 stores. He will be an instrumental part of CVS/pharmacy's supply chain initiative, creating an efficient consumer response model for drug class of trade. In addition, Smith will be working closely with CVS/pharmacy vendors as well as all CVS/pharmacy departments and organizations to ensure the efficient flow of inventory to all 4,100 CVS/pharmacy stores.
Previously, Smith was the vice president of Logistics & Customer Support at Heinz U.S.A. where he oversaw all logistics and customer support activities including supply chain activities supporting dry and frozen retail and foodservice business of $2 billion in sales for the largest affiliate of the H.J. Heinz Company.
Smith spent much of his career with Kraft/General Foods, prior to his joining Heinz U.S.A. in 1998. His responsibilities there included distribution and supply chain, network planning and implementation, customer service, sales services, transportation and warehousing.
"We're very pleased to have Kevin join the CVS team, and he brings a wealth of experience," said Chuck Conaway, president and chief operating officer at CVS. "Kevin's years of experience in all facets of logistics and supply chain management, including his experience in the supplier community, customer service and sales makes him a very strong and knowledgeable leader who will help take CVS' supply chain initiative forward and continue our trend of terrific growth."
CVS/pharmacy is the nation's largest retail provider of prescriptions. The Company is the number one drugstore chain in the U.S. with approximately 4,100 stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions of the country. General information about CVS, including corporate background and press releases, is available at CVS's web site at www.cvs.com.
CONTACT: CVS Corporation Mike DeAngelis, 401-770-2645