Helena Foulkes
Helena Grace Foulkes (née Buonanno; born July 18, 1964) is an American businesswoman and politician. She unsuccessfully sought the Democratic nomination for Governor of Rhode Island in the 2022 election and is the former Chief Executive Officer of Hudson's Bay Company.
Helena Foulkes | |
|---|---|
| Born | Helena Grace Buonanno July 18, 1964 |
| Education | Harvard University (BA, MBA) |
| Occupation(s) | CEO of Hudson's Bay Company Former President of CVS Health |
| Political party | Democratic |
| Relatives | Chris Dodd (uncle) Thomas J. Dodd Jr. (uncle) Thomas J. Dodd (grandfather) |
Early life and education
The daughter of a lawyer, Helena Buonanno was born the eldest of five children. She grew up in Rhode Island and attended Lincoln School in Providence. She earned her Bachelor of Arts from Harvard College, graduating magna cum laude; there she met her husband,[1] marrying him in 1989 in a Roman Catholic ceremony.[2] Larry Summers was her senior thesis adviser. She later earned her Master of Business Administration from Harvard Business School.[1]
Career
After graduating from Harvard, Foulkes briefly worked at Goldman Sachs and Tiffany & Co before leaving to earn her MBA. She began working at CVS in 1992.[1] She rose up to become the company's executive vice president and chief marketing officer. She oversaw the launch of the ExtraCare card, a membership program offering savings to participants.[3] Foulkes also created the Pharmacy Advisor program, its purpose being to offer advice to customers with chronic conditions, either in stores or over the phone.[1]
In 2011, CVS made Foulkes its chief health care strategy and marketing officer, a new position created for her.[3] In July 2015, Fortune magazine reported that as part of her role, Foulkes oversaw 9,600 retail stores and 18 distribution centers.[4] She helped spur the decision to stop selling cigarettes and tobacco products, citing the need for CVS to better position itself as a healthcare company.[1][5] She oversaw the company's philanthropic endeavors, and developed digital strategies to help consumers learn how to fulfill their pharmaceutical needs.[3]
In 2015, Fortune magazine included her on its list of Most Powerful Women, citing Foulkes' role in the "$1.9 billion purchase of Target's prescription-filling business—a deal that will give CVS the most pharmacy locations in the U.S.—and launching upgraded beauty and healthy food sections in many of the stores".[6]
On February 5, 2018, Hudson's Bay Co., owner of Saks Fifth Avenue, named Foulkes its new CEO, saying it would be effective on February 19.[7][8][9] In her first six weeks as CEO, Foulkes was challenged with refashioning the company's business strategies given the industry's declining sales at the time.[10]
In March 2020, Foulkes announced that she was leaving Hudson's Bay Co. following a deal reached with shareholders to go private.[11][12]
In April, 2021, Harvard University announced that Foulkes would become president of the Harvard Board of Overseers, an alumni group that is the University’s second-highest governing body.[13]
On October 13, 2021 Foulkes announced her candidacy for Governor of Rhode Island. WPRI reports that "she would seek to spur job growth, reduce regulations, deal with the effects of climate change, and improve public education."[14]
Personal life
Foulkes has four children and runs marathons. In 2009 her mother died from lung cancer.[1] She is a granddaughter of Thomas J. Dodd and a niece of Chris Dodd, both former U.S. senators from Connecticut.[1][2]
References
- ^ a b c d e f g Wahba, Phil (September 11, 2015). "The change agent inside CVS". Fortune. Retrieved September 13, 2015.
- ^ a b "Helena Buonanno Weds W. G. Foulkes". The New York Times. July 23, 1989. Retrieved September 16, 2015.
- ^ a b c Steinberg, Stephanie (July 16, 2013). "Around the Water Cooler With CVS Caremark's Helena Foulkes". U.S. News & World Report. Retrieved September 13, 2015.
- ^ Rao, Leena (July 14, 2015). "CVS Health chief: Consumers care more about wallet than health". Fortune. Retrieved September 13, 2015.
- ^ Kennedy, Kelly (February 5, 2014). "CVS Caremark to stop selling tobacco products". USA Today. Retrieved September 16, 2015.
- ^ "Helena Foulkes, 51". Fortune. 2015. Retrieved September 16, 2015.
- ^ "Saks Owner Hudson's Bay Appoints CVS Executive Helena Foulkes as CEO". Bloomberg.com. 2018-02-05. Retrieved 2018-02-06.
- ^ "CVS Health exec named CEO of department store giant". Chain Store Age. Chain Store Age. 2018-02-05. Retrieved 2018-02-07.
- ^ "Hudson's Bay Poaches Helena Foulkes From CVS". Fortune. Fortune. Retrieved 2018-02-20.
- ^ Shaw, Hollie. "New Hudson's Bay CEO Helena Foulkes says 'no sacred cows' as retailer seeks elusive turnaround". Vancouver Sun. Retrieved 2018-07-23.
- ^ Kapner, Suzanne (2020-03-03). "WSJ News Exclusive | CEO of Saks Parent to Step Down". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-03-04.
- ^ Thomas, Lauren (2020-03-03). "Hudson's Bay CEO Helena Foulkes on the way out as retailer prepares to go private". CNBC. Retrieved 2020-03-05.
- ^ Goodman, Jasper G (April 27, 2021). "Helena Foulkes to Serve as Harvard Board of Overseers President". Harvard Crimson. Retrieved April 27, 2021.
Helena Buonanno Foulkes ’86, a former corporate executive who has held top positions at CVS Health and served as CEO of the Hudson’s Bay Company, will serve as the president of Harvard’s Board of Overseers for the next year, the University announced Monday.
- ^ Nesi, Ted. "Helena Foulkes kicks off run for RI governor". WPRI.
External links
- Campaign website
- Appearances on C-SPAN