Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

DC Plan Administrator
Heritage Administrative Services, LLC
(Woodbury NY)
DC Plan Administrator

The Benefit Advantage
(Auburn Hills MI / Telecommute)
Defined Contribution Plan Administrator

The MandMarblestone Group, llc
(Philadelphia PA / Telecommute)
Retirement Plan Administrator

Group RHI
Defined Contribution Plan Specialist

(Alpharetta GA / AL / NC / Telecommute)
Defined Benefit Plan Administrator

AimPoint Pension
ESOP Administrator

Blue Ridge ESOP Associates
(VA / Telecommute)
Pension Systems Administrator
DeMars Pension Consulting Services, Inc.
(Overland Park KS)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

By Date   |   By Company Name

View More Press Releases by Express Scripts

Press release:

Express Scripts Names New Chief Financial Officer

Issued by: Express Scripts

Date: Dec. 16, 2014

Dec 15, 2014 -- Pharmacy-benefit manager Express Scripts Holding Co. has named a premium beverage distributor executive as its interim chief financial officer.

James M. Havel, who has held a similar post at Major Brands Holdings, Missouri's largest wholesale distributor of wines and spirits, will take over the post on Jan. 2, the company said Monday. Mr. Havel worked for more than 30 years for Ernst & Young LLP.

The St. Louis-based company said its current finance chief, Cathy R. Smith stepped down from the post effective Dec. 10 to pursue other interests, but will remain on to help with the transition. No additional information was provided.

Mr. Havel's base annual salary was set at $725,000 and he will be eligible to make up to that amount as a bonus, according to a filing with the Securities and Exchange Commission. He will receive a one-time $110,000 signing bonus and a $2.5-million stock award, which will vest in three years. Under the terms of his contract, Mr. Havel will also be eligible for annual equity awards.

On Dec. 10, the company's board increased the number of shares it can buy back by 65 million to a combined authorization of 205 million shares.

The company also backed its earnings projections for the year.

The company, which manages drug-benefit programs for health plans and corporate customers, has been struggling with integration challenges from its Medco Health acquisition and customer losses.

In October, Express Scripts reported its profit rose 36% as the pharmacy-benefits manager recorded slightly lower revenue but better margins.


View More Press Releases by Express Scripts

This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2019, Inc.