Thomas Ryan (businessman)

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This article refers to the United States businessperson. For other persons named Thomas Ryan, see the disambiguation page..
Thomas Ryan
Born
Thomas M. Ryan
Alma mater University of Rhode Island

Thomas M. Ryan is an American businessperson. [1] [2] [3] He served as the president and chief executive officer of CVS/Caremark Corporation from 1998 to 2011. [1] [2]

United States Federal republic in North America

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's 3.9 million square miles. 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. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.

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.

Chief executive officer Highest-ranking corporate officer or administrator

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.

Contents

Biography

Early life

He received a degree in Pharmacy from the University of Rhode Island. [2]

University of Rhode Island university in Rhode Island, USA

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.

Career

He began working for CVS in 1978 as an in-store pharmacist. [2] He served as its CEO from 1998 to 2011. [3] 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. [4]

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. [2] He is an operating partner of Advent International. [1] [2] [3]

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 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, subsidiary of German sportsgiant 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.

Philanthropy

He sits on the board of trustees of his alma mater, the University of Rhode Island. [2] 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. [5] 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 building in Rhode Island, United States

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.

Alzheimers disease Progressive, neurodegenerative disease characterized by memory loss

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.

Parkinsons disease Long-term degenerative neurological disorder that mainly causes problems with movement and balance

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".

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CVS Pharmacy U.S. pharmacy chain

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.

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