CVS Caremark (NYSE: CVS) today announced the appointment of David M. Denton to the new role of Executive Vice President and Chief Financial Officer, effective January 1, 2010. Denton will succeed David Rickard who announced in February of this year his intention to retire as CFO.Denton, currently CVS Caremark’s SVP, Controller and Chief Accounting Officer, brings nearly twenty years of financial management experience with a focus on the health care and retail drug sectors to his new position. Since joining the company in 1999, he has assumed positions of increasing responsibility including senior finance positions within CVS/pharmacy and CVS Caremark and role of Chief Financial Officer for PharmaCare, a subsidiary of CVS. The selection of Denton as EVP, Chief Financial Officer caps an eight month search that included both internal and external candidates.“I’m extremely pleased to announce the appointment of Dave Denton as CVS Caremark’s new Chief Financial Officer,” said Tom Ryan, Chairman, President and CEO. “Dave’s broad financial experience, industry expertise and deep understanding of our company will make him an outstanding CFO. His passion for our customer coupled with his value-based leadership skills will help him excel in his new role.”Previously, Denton was a consultant with Deloitte & Touche where his clients included major health care organizations. He has also held management positions at Blue Cross Blue Shield of Florida and Health Options, Inc. Dave earned his M.B.A. from the Babcock School of Management at Wake Forest University and his bachelor’s degree from Kansas State University.<br /><br />Replacing Denton in his current role of Controller and Chief Accounting Officer is Laird Daniels. Daniels, who joined CVS Caremark in 1997, was most recently Vice President of Finance and Retail Controller for CVS/pharmacy. Daniels, a certified Public Accountant, has nearly two decades of financial management experience. He is a graduate of the University of Connecticut and earned an M.B.A. from the F.W. Olin Graduate School of Business at Babson College.<br />