Stanley P. Goldstein, a pioneering business leader and co-founder of CVS Health Corp., passed away at the age of 89. Goldstein’s contributions were instrumental in shaping the company that is now known as CVS Health.
CVS Health’s president and CEO, Karen Lynch, expressed her condolences and spoke highly of Goldstein’s legacy as a business visionary, mentor, and leader. She emphasized his customer-centric philosophy that continues to guide the company today.
Goldstein, along with his brother Sid and partner Ralph Hoagland, established the first Consumer Value Store in Lowell, Mass., in 1963. Under Goldstein’s leadership, the company expanded its focus on pharmacy, health, and beauty care. In November 1996, CVS Health went public with Goldstein serving as its first chairman of the board until 1999. He remained on the board until 2007.
Today, CVS Pharmacy employs over 300,000 professionals, including physicians, pharmacists, nurses, and nurse practitioners. The company’s commitment to customer satisfaction and quality healthcare services has contributed to its ranking as a top food and consumables retailer in North America. Goldstein’s legacy lives on through the success and growth of CVS Health. This article was originally published by Drug Store News.