News

Vasos’ promotion at Longs considered ‘a positive’

BY Doug Desjardins

NEW YORK A Goldman Sachs analyst said the appointment of Todd Vasos as the new executive vice president and chief operating officer of Longs Drug is a “positive” that should “position the company better” for the future.

In a March 10 report, analyst John Heinbockel said the departure of former chief operating officer Karen Stout last Friday and the promotion of Vasos to replace her is an “important change” that should make Longs stronger.

 “We view these changes positively. Mr. Vasos is responsible for many of the most impactful initiatives the company has pursued over the past several years, including the upgrade of the private-label program, the development of a new store remodel prototype and expansion into self-distribution,” Heinbockel said in his report. “Ms. Stout, on the other hand, had primarily a warehouse club and supermarket background.”

 In that regard, he added that, “it is more important for the person heading up operations and merchandising to have an intimate understanding of the drug store format.”

In his former position as senior vice president and chief merchandising officer, Vasos played a key role in the rollout of Longs’ store remodels and its front-end re-merchandising.

Larry Gatta will fill Vasos’ position as senior vice president and chief merchandising officer, and Linda Voracek is moving up to the role of vice president of marketing and is responsible for all front-end categories. No reason has been given for Stout’s departure from Longs.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Cast named CEO of NoMoreClipboard.com

BY Drew Buono

FORT WAYNE, Ind. Bill Cast has been named chief executive officer of NoMoreClipboard.com, an online personal health record company.

Previously, he has served as board director of the American Academy of Otolaryngolgy and the Indiana State Medical Association, and as the president of the Fort Wayne Medical Surety Company. At Indiana University, Cast had extensive contact with informatics experts, and as part of the Dupont Hospital, launched a subscription-based medical economic news publication.

“NoMoreClipboard.com is poised to bridge the gap between patients, physicians, and public and private institutions to advance the future of medicine,” Cast said. “Initially, our goal is to improve patient care through simple information exchange, but ultimately, the possibilities for PHRs in life science innovation are endless.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

CIGNA Healthcare adds MedBasics clinics to network

BY Antoinette Alexander

DALLAS CIGNA HealthCare has added MedBasics Family Health Centers to its network for those members in Dallas-Fort Worth, Texas, and Little Rock, Ark.

The in-store clinics are located within Carnival Super Markets in Dallas-Fort Worth and inside USA Drug Stores in Little Rock.

“This agreement will provide CIGNA members with another option for convenient and quick treatment for routine medical conditions at a cost significantly less than a trip to an urgent care clinic or hospital emergency room,” stated Brian Jones, MedBasics chief executive officer. “We plan to continue to reach agreements with health insurance companies in order to make our services accessible and affordable for more individuals.”

CIGNA HealthCare was among the first health services companies to include retail clinics into its network, announcing the addition of MinuteClinic, RediClinic, Take Care Health Systems, Little Clinic and CIGNA Medical Group’s CMG CareToday clinics over the past two years.

“MedBasics Family Health Centers work well for the average American, always on the go,” stated Kenneth Phenow, market medical executive for CIGNA. “From the parent trying to get a child’s immunizations up to date while running between children’s many activities to the working adult trying to get a minor illness checked during a lunch hour, retail clinics offer an affordable, efficient and convenient option.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES