Medco Containment Services
Executive Summary
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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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. |