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CVS Health honors the memory of founder Stanley P. Goldstein

May 22, 2024 |2 minute read time

CVS co-founder Stanley Goldstein

WOONSOCKET, R.I., May 22, 2024 — CVS Corporation co-founder Stanley P. Goldstein died yesterday at the age of 89. The company he helped build is a foundational component of what is now CVS Health (NYSE: CVS), a leading health services company that is committed to building a world of health around every consumer.

“All of us at CVS Health mourn the loss of Stan, who was a true business pioneer, an outstanding mentor, and a caring leader," said CVS Health president and CEO, Karen S. Lynch. "Stan's philosophy was to always listen to our customers and if we made sure to satisfy them, we would succeed. That idea of customer-centricity still drives us today. We honor Stan's memory and offer our sincerest condolences to his family, friends, and former colleagues."

Mr. Goldstein, his brother, Sid, and a partner, Ralph Hoagland opened the first Consumer Value Store in Lowell, Massachusetts on May 9, 1963. The company continued to evolve and grow under Mr. Goldstein's leadership, focusing on pharmacy, health and beauty care. CVS became a publicly traded company in November 1996. Mr. Goldstein was its first Chairman of the Board, serving in that role until April 1999, and he continued to serve on the Board until 2007.

About CVS Health

CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues — including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health — whether that’s managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system — and their personal health care — by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.

Media contact

Ethan Slavin

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