Medco Containment Services
Former Citicorp President Richard Braddock on board as CEO as of Jan. 15. Braddock, 51, spent last 20 years at Citicorp, where he was also president of subsidiary Citibank, N.A. He replaces Martin Wygod, who will continue to serve as an "active chairman" of Medco with responsibility for certain business segments and long-range planning; Wygod's employment contract with the company has been extended to 1998. Medco sales for FY 1992 (ended June 30) totaled $1.8 bil. with $102.5 mil. in earnings.
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