From the December-January 2010 issue of Treasury & Risk magazine


CVS Caremark, the $87.4 billion drugstore chain and pharmacy benefit management company, appointed David Denton CFO and executive vice president. He replaces David Rickard, who is retiring. Denton, 44, most recently served as Woonsocket, R.I.-based CVS' controller, chief accounting officer and senior vice president. Since joining CVS in 1999, he has also served in senior finance positions at the company and a subsidiary, PharmaCare. Earlier, Denton was a consultant at Deloitte & Touche.

Microsoft, the $58.4 billion software company, promoted Peter Klein to CFO. He succeeds Chris Liddell, Microsoft's finance chief since 2005, who is leaving to broaden his career beyond serving as a CFO. Klein, 47, most recently was CFO of the Redmond, Wash.-based company's $18.9 billion business division and earlier served as CFO of its server and tools unit. Before joining Microsoft in 2002, he worked in finance at McCaw Cellular, at a private equity firm, Orca Bay Capital, and at several start-ups.


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