CVS names new head of pharmacy benefit management business

WOONSOCKET, R.I. — CVS Caremark outlined succession plans for its pharmacy benefit management business as EVP and COO Jon Roberts will assume the role of president of the PBM business, effective Sept. 1. During the company's analyst meeting in December 2011, Per Lofberg, PBM president, announced his intention to extend his employment agreement with CVS Caremark through December 2013, as previously reported by Drug Store News. On Friday, the company announced that Roberts would assume the role of president of the PBM business in September. He will continue to report to Lofberg. Lofberg will continue to report to Larry