This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

FleishmanHillard Appoints Turnaround Specialist And Former CVS Caremark Chairman Edwin 'Mac' Crawford To International Advisory Board





ST. LOUIS, July 23, 2013 /PRNewswire/ -- FleishmanHillard announced today the appointment of Edwin "Mac" Crawford to the firm's International Advisory Board (IAB). A turnaround and merger specialist, Crawford is the former chairman of CVS Caremark, a Fortune 20 company formed by the 2007 merger of CVS and Caremark Rx.

Well-respected by the professional investment community, Crawford has led operational turnarounds of businesses for more than 30 years. In 1998, he spearheaded the growth of the pharmaceutical benefit management (PBM) industry with the restructuring of the country's then-largest physician practice management company, Med Partners, into Caremark Rx. 

Under Crawford's leadership, Caremark grew from a practically bankrupt entity into a $9 billion Fortune 100 company in only five years. In 2004, he orchestrated the acquisition of AdvancePCS, which made Caremark the second-largest PBM in the world, generating over $23 billion in annual revenue. By 2007, Caremark had grown to be a $37 billion PBM, managing more than 600 million prescriptions when Crawford led the company through the strategic merger with drug chain CVS. His performance garnered him Institutional Investor magazine's award for "Best CEO in Healthcare Technology and Distribution" for 2005, 2006 and 2007.

"New tools, technologies, media and social outlets have radically enhanced the methods and importance of communications in our society," said Dave Senay, president and CEO of FleishmanHillard. "However, as important as they are, they are not a substitute for experience, knowledge, vision and leadership. These are the core attributes that we must personify as we drive value for our clients each day, and the appointment of Mac Crawford to our IAB reflects our commitment to them. Mac's infinite skill set as a leading turnaround and M&A specialist, coupled with his stewardship of some of the world's leading health services companies, makes him an ideal resource for our clients and employees."

"As a longtime CEO and adviser on issues that impact the investing public and the public trust, I have a unique view into the value that world-class communications can drive for corporations," Crawford said. "I look forward to working with FleishmanHillard's leading professionals to bring some of that experience and knowledge to the firm's global client base."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,507.72 +6.07 0.04%
S&P 500 1,879.70 +4.31 0.23%
NASDAQ 4,150.8840 +23.9170 0.58%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs