CVS Founder Goldstein Passes Away At 89

Word overnight that CVS founder Stanley Goldstein has died at the age of 89.

He opened the first Consumer Value Store in Lowell Massachusetts back in 1963,.

“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.

Funeral arrangements have not been released.

(Photo Credit: CVS Health)

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