Deborah Ellinger Joins CVS Corporation to Head Strategic Planning and Business Development

Business Wire, Oct 12, 2001

Business Editors

WOONSOCKET, R.I.--(BUSINESS WIRE)--Oct. 12, 2001

- Senior Vice President of Strategic Planning at Staples, Inc. to

become Executive Vice President at CVS in December -

CVS Corporation (NYSE:CVS) announced today that it has named Deborah G. Ellinger Executive Vice President of Strategic Planning and Business Development.

Ellinger will have responsibility for new business development and the evaluation of strategic business opportunities. She will report to Thomas M. Ryan, Chairman, President and CEO of CVS, and serve on the company's executive committee.

Ellinger joins CVS from Staples, Inc., where she has served as Senior Vice President of Strategic Planning and Business Development since 1999. Before coming to Staples, Ellinger was a Partner at the Boston Consulting Group, and before that she served as a Vice President at Mellon Bank in Pittsburgh. Ellinger studied mathematics and law at the University of Cambridge in England, and qualified at the Inns of Court School of Law as a Barrister.

"We are pleased to have Deborah on the CVS team and I look forward to working with her," said Ryan. "Deborah's years of experience in strategic planning and business development will be an important asset as we position our company for future growth and strive to achieve our goal to be the most customer-focused, innovative and convenient healthcare retailer in America."

Ellinger resides in Wellesley, Massachusetts with her husband, Vernon, and their two daughters. She will officially join CVS in December.

CVS is America's #1 pharmacy, dispensing more retail prescriptions in more states than any other pharmacy in the U.S. CVS has created innovative approaches to serve the healthcare needs of all its customers through more than 4,100 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management company. General information about CVS is available through the Company's website, at http://www.CVS.com.