CVS founder Stanley P. Goldstein dead at 89

CVS Corporation co-founder Stanley P. Goldstein died May 21 at the age of 89. 

“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.”

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 Goldstein's leadership, focusing on pharmacy, health and beauty care. CVS became a publicly traded company in November 1996. 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.