CVS Promotes Interim EVP Kevin Hourican to President
CVS/pharmacy promoted Kevin Hourican to president of the company’s retail business yesterday. Hourican has been acting as interim executive vice president of CVS Health and president of CVS/pharmacy since the February departure of Helena Foulkes.
Stepping permanently into the role of CVS/pharmacy president, Hourican is tasked with leading the CVS/pharmacy team and delivering innovative health solutions that provide a simpler, more receptive and affordable customer experience.
"We're pleased to have [Hourican] at the helm of CVS/pharmacy," said Jon Roberts, chief operating officer of CVS Health, in a media release. "He has a proven track record of bringing innovative new programs and services to our patients and a strong ability to lead our retail pharmacy team. We believe that [Hourican] will bring his extensive consumer and retail skills to our front store business as well and I have no doubt he will be able to further transform our stores to become the front door of health care for consumers, patients and caregivers."
Hourican also has years of experience working in the retail industry under his belt. He has been with CVS since 2012 and has reportedly driven innovations at the retailer such as the ScriptPath prescription management system, the Rx Savings Finder, medication adherence programs and home delivery.
Before joining CVS, Hourican held executive leadership roles at Macy's and Sears Roebuck, where he gained experience in omnichannel operations and front store merchandising, according to the release.
The news comes at the same time as reports that Amazon will not pursue sales of pharmaceutical products, which would have changed the competitive landscape for the retailer's pharmacy business. But it doesn't change the challenge for Hourican, who will have to boost slipping front-end sales in the retail division as rival Walgreens grows by acquiring Rite Aid stores.