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Larry J. Merlo, CEO of CVS Health: Salary, Net Worth & Family Life

By Chakrit Subedi | Updated On: 05 Mar, 2021
Larry J. Merlo, CEO of CVS Health: Salary, Net Worth & Family Life

Larry J Merlo is the president and chief executive officer of CVS Health, one of the prominent health innovation company which works in guiding people to a healthy lifestyle. This company has 9,900 outlets all over the USA, which serves one million patients per year. It especially provides medical services and prescribed-drug to more than 38 million consumers through traditional, Voluntary, and consumer-directed health insurance products.

Larry has been entitled to several awards for his innovative and ingenious mindset and for establishing monumental medical retailing business throughout the US, the District of Columbia, and Puerto Rico. He was named the Businessperson of the Year by FORTUNE magazine and a wealth Creator by Chief executive Magazine.

Besides, he also received a champion award from the Campaign for Tobacco-Free-kids. 

Bio- Family & Education

Larry Merlo, who grew up in Charleroi, Pennsylvania, was born in 1956. He received his Bachelor of Science degree from the University of Pittsburg School of Pharmacy in 1978. 

Talking about his parents, Larry’s father was a mechanist at a corning glass factory, and a mother was a homemaker

Wife And Children

Larry J Merlo is happily married to Lee Ann Merlo. Their love life flourished during the High school, where the pair first met and fell for each other. Not much known about his wife, but according to her Facebook profile, she attended Altoona Area high school and the University of Pittsburg.  

Larry J Merlo with his wife Leeann Merlo and daughter Kristen (Photo:- Leeann Merlo's Facebook)

Together, Larry and his spouse are blessed with a daughter named Kristen.

Career

Larry J Merlo is directing a successful career in CVS Health. He has made a breakthrough innovation in leading the retailing business to its apex. Larry has been lauded for his effort to hire qualified veterans and solve the unemployment problem by launching long-term programs.

During his prolong career in CVC since 1990, as an executive head, he developed apprenticeship programs to train the deserving medical technicians, allocated scholarship seats for the students. He also diligently coordinated to include the diverse communities in the STEM careers. 

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Later, in 2011, Larry became the CEO. Under his leadership, the company has mad accomplishment in the history of medical retail services. In 2014, he announced that CVS Health would be the first retail medical dispenser to discontinue tobacco sales in all of its stores.

Besides, being a member of the Business Roundtable, Larry also has a significant role on the Board of the National Association of Chain Drug stores (NACDS).

Salary and Net Worth

The estimated net worth of Larry J Merlo is loosely $58.8 Million as of 1 Feb 2019. 

His company CVS health amassed $64.810 Billion in revenue at the ending of 30 September 2019, which is a 36.47% increase for this year. Having had over 166,368 units of CVS Health Stock valued over $36,875,734, he has successfully enriched his fortunes by exercising it on several occasions. Plus, being the CEO and Director at CVS health, he receives $21,939,100 as his annual salary.

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Currently, Larry is likely to have at least 496,576 Units of stock in his name worth around 37 million dollars, according to the New York Stock Exchange.

With his soaring fortunes, Larry bought a luxurious house at East Greenwich, Rhode Island, inside the US.