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NACDS’ Jim Huber to retire; David Fitzsimmons named SVP, finance and administration

BY Antoinette Alexander

ALEXANDRIA, Va. — The National Association of Chain Drug Stores announced on Wednesday that Jim Huber, EVP and CFO of NACDS, is retiring after 25 years of service. He will be succeed by David Fitzsimmons has been promoted to SVP of finance and administration.  

Fitzsimmons currently serves as VP finance and accounting. He will succeed Huber effective Dec. 21, 2012.

“As he embarks on his retirement, I thank Jim Huber for his unwavering dedication to NACDS for more than two decades. In planning for a seamless transition and in ensuring successful completion of a host of projects, Jim has provided an excellent example of what it means to finish strong, and now we wish him all the best — we are quite sure he will remain active in many ways,” stated NACDS president and CEO Steve Anderson.

In his new role, Fitzsimmons will report to Anderson and is responsible for all financial and fiduciary operations and policies of the association, including affiliated entities, trusts and investments. He also will be responsible for the preparation of the annual operating budget in concert with the NACDS president, NACDS finance committee and NACDS board of directors.
 
In addition, Fitzsimmons will manage oversight of the association’s technology-related activities, and will work closely with the member programs and services department to meet financial and strategic objectives.  
 
“With Dave at the helm, I am confident that NACDS’ financial position remains in good hands. His expertise and 29-year career in finance make him an excellent choice to lead the association’s financial activities,” Anderson said. “I am pleased to welcome him into his new role and look forward to working with him to maintain NACDS’ position of strength to meet the association’s objectives in the areas of advocacy, communications and member services for the ultimate good of pharmacy patient care.”

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Warburg Pincus acquires majority stake in Crossmark

BY Alaric DeArment

PLANO, Texas — Consumer goods sales and marketing services company Crossmark will merge with an affiliate of private equity firm Warburg Pincus, Crossmark said Wednesday.

The company announced a majority investment by the New York-based firm, saying Crossmark’s management owners would maintain a significant equity position and continue to actively lead the company and that the investment will allow it to achieve its growth objectives faster than it could do on its own.’

"The Warburg Pincus partnership will provide growth capital that will allow Crossmark to make acquisitions, expand our service offerings and further enhance our capabilities to deliver even better service to our clients and customers," Crossmark CEO John Thompson said. "We are pleased to have a partner with a common vision and a track record of backing management with resources, expertise and relationships."

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Walgreens to stay open on Christmas Eve, Christmas Day for last-minute shopping

BY Alaric DeArment

DEERFIELD, Ill. — Walgreens will keep stores open on Christmas Eve and Christmas Day to allow last-minute Christmas shopping, the retail pharmacy chain said Wednesday.

This includes 1,600 24-hour locations that will be open around the clock, while most Walgreens stores will stay open until midnight through Dec. 23, and nearly all stores will be open during regular hours on Christmas Eve, including pharmacies, which will be open from 9 a.m. until 5 p.m. On Christmas, non-24-hour stores will be open from 9 a.m. until 6 p.m., and pharmacies will be open at 24-hour stores.

"We understand that this is a busy and exciting time of year for our customers, and we are constantly working to provide them with a unique and comprehensive shopping experience for all of their holiday, health and daily living needs," Walgreens president for daily living products and solutions Joe Magnacca said. "With our more than 8,000 locations nationwide, Walgreens offers an extensive array of merchandise, making us the perfect one-stop shop for holiday gifts."

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