Target Corporation announced its board of directors elected Derica W. Rice, former executive vice president of CVS Health and president of CVS Caremark, as director.
Mr. Rice, 55, served as executive vice president of CVS Health and president of CVS Caremark, the pharmacy benefits management business of CVS Health, from March 2018 through February 2020. Previously, he held various executive positions at Eli Lilly and Company, most recently executive vice president of Global Services and chief financial officer from 2006 to 2017. Mr. Rice is currently a member of The Walt Disney Company’s board of directors and will join the board of directors of Bristol Myers Squibb effective September 1, 2020. He previously served as a member of the board of directors of Target Corporation from 2007 to January 2018.
“Derica bring broad expertise and unique perspectives that will complement the skills and viewpoints of our current board. We’re pleased Derica is returning to the board. His deep financial acumen and leadership prowess, honed over more than 15 years in high-level positions at respected brands, will prove more valuable than ever in these challenging times. I welcome Derica to Target and am looking forward to his insight as we focus on deepening our trust with guests and advancing our durable strategy,” said Brian Cornell, chairman and CEO of Target.
