Thomas M. Ryan
|Alma mater||University of Rhode Island|
Thomas M. Ryan is an American businessperson.He served as the president and chief executive officer of CVS/Caremark Corporation from 1998 to 2011.
The United States of America (USA), commonly known as the United States or America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the most populous city is New York City. Most of the country is located contiguously in North America between Canada and Mexico.
The president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between the president and the chief executive officer varies, depending on the structure of the specific organization. In a similar vein to the chief operating officer, the title of corporate president as a separate position is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents, but on its own generally considered subordinate, in practice, to the CEO. The powers of the president vary widely across organizations and such powers come from specific authorization in the bylaws like Robert's Rules of Order.
The chief executive officer (CEO), or just chief executive (CE), is the most senior corporate, executive, or administrative officer in charge of managing an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations. The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc.
He received a degree in Pharmacy from the University of Rhode Island.
The University of Rhode Island, commonly referred to as URI, is the flagship public research as well as the land grant and sea grant university for the state of Rhode Island. Its main campus is located in the village of Kingston in southern Rhode Island. Additionally, smaller campuses include the Feinstein Campus in Providence, the Rhode Island Nursing Education Center in Providence, the Narragansett Bay Campus in Narragansett, and the W. Alton Jones Campus in West Greenwich.
He began working for CVS in 1978 as an in-store pharmacist.He served as its CEO from 1998 to 2011. While CEO of CVS Caremark in 2009, he earned a total compensation of $16,231,292, which included a base salary of $1,400,000, a cash bonus of $3,512,526, stocks granted of $6,425,007, and options granted of $4,625,000.
He has sat on the boards of the Melville Corporation, Ryanair, TriCon Global Restaurants, Reebok, FleetBoston Financial, the Citizens Bank Of Rhode Island. He now serves on the board of directors of Bank of America, Yum! Brands, Five Below, Vantiv.He is an operating partner of Advent International.
Melville Corporation, formerly based in Rye, New York, was a large retail holding company incorporated by Ward Melville in 1922 from Melville Shoe Company. It became CVS Corporation in 1996 under a massive reorganization plan. The company traded on the New York Stock Exchange (NYSE) under the ticker MES, before changing its ticker to CVS.
RyanairDAC is an Irish low-cost airline founded in 1984, headquartered in Swords, Dublin, Ireland, with its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines, and has Ryanair UK, Ryanair Sun, Malta Air and Lauda as sister airlines. In 2016, Ryanair was the largest European budget airline by scheduled passengers flown, and carried more international passengers than any other airline.
Reebok is an English footwear and apparel company, and a subsidiary of German sporting goods giant Adidas since 2005. Reebok produces and distributes fitness, running and CrossFit sportswear including clothing and footwear. It is the official footwear and apparel sponsor for Ultimate Fighting Championship (UFC), CrossFit, and Spartan Race.
He sits on the board of trustees of his alma mater, the University of Rhode Island.The 7,657-seat Ryan Center arena on the campus of the University of Rhode Island is named for Ryan, who was the arena's principal donor. In November 2013, Ryan and his wife Cathy donated $15 million to URI, establishing the George & Anne Ryan Institute for Neuroscience. The Ryan Institute focuses on research, translational medicine, and community outreach related to neurodegenerative diseases such as Alzheimer's disease and Parkinson's disease. It complements the university's Interdisciplinary Neuroscience Program (INP), which offers M.S. and Ph.D. degrees in Neuroscience.
Ryan Center is a 7,657-seat multi-purpose arena in Kingston, Rhode Island. The arena opened as a replacement for Keaney Gymnasium, which was built in 1953 for the needs of a much smaller student population at URI. It is home to the University of Rhode Island Rams basketball. The building is named for Thomas M. Ryan, Class of 1975, former CEO of Rhode Island-based CVS Pharmacy and lead benefactor of the arena.
Alzheimer's disease (AD), also referred to simply as Alzheimer's, is a chronic neurodegenerative disease that usually starts slowly and gradually worsens over time. It is the cause of 60–70% of cases of dementia. The most common early symptom is difficulty in remembering recent events. As the disease advances, symptoms can include problems with language, disorientation, mood swings, loss of motivation, not managing self-care, and behavioural issues. As a person's condition declines, they often withdraw from family and society. Gradually, bodily functions are lost, ultimately leading to death. Although the speed of progression can vary, the typical life expectancy following diagnosis is three to nine years.
Parkinson's disease (PD) is a long-term degenerative disorder of the central nervous system that mainly affects the motor system. As the disease worsens, non-motor symptoms become more common. The symptoms usually emerge slowly. Early in the disease, the most obvious symptoms are shaking, rigidity, slowness of movement, and difficulty with walking. Thinking and behavioral problems may also occur. Dementia becomes common in the advanced stages of the disease. Depression and anxiety are also common, occurring in more than a third of people with PD. Other symptoms include sensory, sleep, and emotional problems. The main motor symptoms are collectively called "parkinsonism", or a "parkinsonian syndrome".
Claiborne de Borda Pell was an American politician and writer who served as a U.S. Senator from Rhode Island for six terms from 1961 to 1997. He was the sponsor of the 1972 bill that reformed the Basic Educational Opportunity Grant, which provides financial aid funding to American college students; the grant was later given Pell's name in honor of his work in education legislation. A member of the Democratic Party, he served in the U.S. Senate longer than anyone else from Rhode Island.
CVS Pharmacy is a subsidiary of the American retail and health care company CVS Health, headquartered in Woonsocket, Rhode Island. It was also known as, and originally named, the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation since its inception until its current parent company was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations and total prescription revenue. Its parent company ranks as the 7th largest U.S. corporation by FY2017 revenues in the Fortune 500. The parent company of CVS Pharmacy's leading competitor (Walgreens) ranked 19th for the same time period.
Bruce Sundlun was an American politician and member of the Democratic Party who served as 71st Governor of Rhode Island between 1991 and 1995.
Ivan Seidenberg is the former chairman and CEO of Verizon Communications Inc.
Kenneth Irvine Chenault is an American business executive. He was the CEO and Chairman of American Express from 2001 until 2018. He is the third African American CEO of a Fortune 500 company.
Jerry Grundhofer is the former CEO and Chairman of U.S. Bancorp. He graduated from Seattle University in 1965. In 1993, he became the president of Star Banc Corporation and held that position until 1998, when it merged with Firstar Corporation where he continued as CEO. He became the CEO of U.S. Bancorp when it merged with Firstar in February 2001, and then Chairman of the Board in 2002,succeeding his brother John F. Grundhofer in both positions. Jerry Grundhofer stepped down as CEO on December 12, 2006 and was replaced by his longtime lieutenant Richard K. Davis who assumed the position of CEO in addition to his current role as President. Jerry Grundhofer was to remain as Chairman of the Board of Directors until the end of 2007 when he was scheduled to retire. Jerry was a former Vice-President of Security Pacific Bank and Bank of America when that institution bought out Security Pacific Bank in the early 1990s. He left Bank of America to join Star Banc Corporation in 1993.
CVS Caremark is the prescription benefit management subsidiary of CVS Health, headquartered in Woonsocket, Rhode Island.
The CVS Health Charity Classic is a professional golf tournament. It is contested annually as a one-day, three-person team event. Each team is made up of one player from each of three Tours: PGA Tour, PGA Tour Champions, and LPGA Tour. The top two scores at each hole for the team count towards the team's final score.
In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans. According to the American Pharmacists Association, "PBMs are primarily responsible for developing and maintaining the formulary, contracting with pharmacies, negotiating discounts and rebates with drug manufacturers, and processing and paying prescription drug claims. For the most part, they work with self-insured companies and government programs striving to maintain or reduce the pharmacy expenditures of the plan while concurrently trying to improve health care outcomes." PBMs operate inside of integrated healthcare systems, as part of retail pharmacies, and as part of insurance companies.
CVS Health Corporation is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain, CVS Caremark, a pharmacy benefits manager, and Aetna, a health insurance provider, among other brands, headquartered in Woonsocket, Rhode Island.
Vikram Shankar Pandit is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Orogen Group.
Michael D. Fascitelli is an American businessman. He is a member of the Vornado Realty Trust board of trustees and former CEO and president of the company before stepping down from day-to-day responsibilities on February 26, 2013. He is a co-owner of the Milwaukee Bucks, and in 2017 founded a $500 million SPAC, Landscape Acquisitions, with Noam Gottesman where they both serve as co-chairman. Since stepping back from day-to-day responsibilities at Vornado, Fascitelli has formed MDF Capital, a family-office investment firm, Landscape Acquisitions, a hospitality and real estate focused SPAC, and Imperial Companies, a real estate investment firm. He also serves as the Head of the Investment Committee and on the board for the real estate technology startup, Cadre, in which he was an angel investor. The company was founded by Jared and Josh Kushner, along with CEO Ryan Williams and has been backed by George Soros, Jack Ma, Peter Thiel and other high-profile investors.
Michael Alan Rice, is an American professor of fisheries and aquaculture at the University of Rhode Island and former state representative from South Kingstown, Rhode Island. A Democrat, he served in the Rhode Island House of Representatives, representing the 35th district, encompassing the village of Kingston and West Kingston, and parts of the neighborhoods of Tuckertown, Wakefield and Peace Dale. Rice was first elected in November 4, 2008 and served from January 6, 2009 to January 4, 2011.
MinuteClinic is a division of CVS Health that provides retail clinic services. MinuteClinic was initially started as QuickMedx by Dr. Douglas Smith and his patient Rick Krieger, along with Stephen Pontius in Minneapolis, Minnesota. MinuteClinic has more than 1,100 locations in 33 states and the District of Columbia.
Universal American is a Fortune 500 company with offices throughout the United States, and headquarters in Rye Brook, New York. The company offered health insurance, and also deals in Medicare managed care plans, and Medicare prescription drug benefits. Its CEO is Richard A. Barasch.
Walter James "Jim" McNerney Jr. is a business executive who was chairman of The Boeing Company until March 1, 2016. He previously served as President and CEO of the company until July 2015.
Larry Merlo is the President and CEO of CVS Health.
Helena Foulkes is the current Chief Executive Officer of Hudson's Bay Company.