PHARMACY BENEFIT MANAGEMENT
the longtime head of pharmacy benefit management company Express Scripts, will retire
Tim Wentworth, next spring. 55, the company’s president, will become the next CEO.
Paz, 60, built Express Scripts into one of the 25 largest corporations in the country. It is the largest PBM, with $101 billion in annual revenue. Paz led Express Scripts through one of its biggest transformations in 2012 when it bought competitor Medco Health Solutions for $29 billion. He will officially retire in May 2016, after the company’s annual shareholder meeting.
Paz has been with Express Scripts since January 1998, when he started as CFO. He took the corner office in January 2004.