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Forest City names Charles Ratner chairman, David LaRue president/CEO
New York City -- Forest City Enterprises announced Tuesday that, as part of the company’s succession planning process, current president and CEO Charles A. Ratner will become chairman of the board, and will be succeeded as president and CEO by David J. LaRue, currently executive VP and COO.
The changes will be effective following Forest City's annual meeting of shareholders on June 10.
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New CEO takes reins of CVS
Woonsocket, R.I. -- CVS Caremark Corp. announced Tuesday that Larry J. Merlo has assumed the role of chief executive. Merlo, now president and CEO of CVS Caremark, succeeds Thomas M. Ryan who will remain non-executive chairman until his retirement at the company's annual meeting in May.
Merlo, a pharmacist by training with over 30 years in pharmacy health, joined CVS/pharmacy in 1990 through the company's acquisition of Peoples Drug.