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• North Carolina-based c-store chain The Pantry announced yesterday that its CEO, Terrance M. Marks, has resigned from the company, and plans to step down within 60 days. Marks said that he was resigning because of “personal considerations,” and plans to take another position in Atlanta, where his family lives.

Marks will be immediately succeeded by Edwin J. Holman, chairman of the board, who will serve on an interim basis until a search for a replacement is completed.

• CVS Caremark has hired Mark Cosby, formerly Macy’s president of stores, to be its new president of CVS/pharmacy. Cosby replaces Larry Merlo, who has been serving as CVS Caremark CEO since March.
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