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CVS' Bloom, Baker to lead chain's retail business on interim basis
WOONSOCKET, R.I. — CVS Caremark has pulled the plug on its plan to hire former Walmart exec Hank Mullany, and is handing the keys to its retail business on an interim basis to Mike Bloom, EVP merchandising and supply chain, and Scott Baker, EVP internal operations and real estate, who will assume management for the company’s 7,100-plus stores.
Bloom and Baker, who will report to Larry Merlo, president and COO of CVS Caremark, are assuming these duties on an interim basis, pending the completion of the company's search for a new president of CVS/pharmacy.
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Walmart Foundation donates $2 million to make food banks 'green'
BENTONVILLE, Ark. — Walmart's philanthropic arm announced a $2 million donation to help food banks save money on energy bills.
This funding, the Walmart Foundation said, will help 16 food banks "go green" by becoming more energy efficient through lighting, refrigeration or heating and air-conditioning equipment upgrades.
This initiative is a part of Walmart's commitment to fighting hunger. In May, Walmart and the Walmart Foundation announced a $2 billion cash and in-kind commitment through the end of 2015, including: