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Disney nominates CVS exec to board

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Disney nominates CVS exec to board

Walt Disney Co. nominated Derica Rice to stand for election as a director at the company’s annual meeting scheduled for March 7.

A total of nine nominees will stand for election as directors at the meeting, including eight existing members and Rice. Pursuant to Disney board policies that limit tenure to 15 years and set the retirement age at 74, three board members will be departing — John Chen, Aylwin Lewis and Fred Langhammer — the company said in a Jan. 11 filing.

Rice has served as executive vice president of CVS Health Corp. and president of its pharmacy benefits management business, CVS Caremark, since March 2018.