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Canada’s largest hospital chain, the CVS Caremark, announced the salaries and benefits of its CEO and vice president, as well as its president and CVS president, this morning.
The CEO, Robert R. Daugherty, and CVP, Julie Cottle, will earn $1.2 million and $2.4 million, respectively.
Both are eligible for the Canadian Senior Executive Program, which is the country’s top compensation program for top executives.
CVSCaremark CEO and Vice President Julie Cotta, who previously worked for the CitiGroup and Pfizer, will receive $1 million.
The president, CVP and CTO, Scott Harnack, will make $1,300,000.
All three have five-year contracts with CVS.
Cottley, a former CEO of the New York City-based pharmacy chain, joined CVS in November 2016.
She was promoted to CVP last month, making her the highest-paid employee at the company.
Her predecessor, John W. Kiel, was promoted in June.
The new CVP is John R. Mancini, who also previously served as president and CEO of The New York Times Company.
The company has been a leader in the pharmaceutical industry for nearly 50 years.
Cottele’s appointment follows the departure of former CEO John Mancinelli in June, when the company said he would be stepping down after less than a year on the job.
In a statement, CVScaremark said that it is pleased to welcome the leadership of its new CEO and Cvp.
“Julie and Scott have been instrumental in building CVS, and we are proud to have them as part of our team,” the company wrote in the statement.
“We also recognize that their experience will help us continue to grow the company and bring in the best talent in the industry.”
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