Senior CVS Caremark Executive Named to Rhode Island Science and Technology Advisory Council
October 14, 2010 | Print this page | Share This |
Stuart McGuigan is newest addition to advisory group focused on advancing the state’s R&D, entrepreneurship and innovation agenda
The Rhode Island Science and Technology Advisory Council (STAC or Council), as part of the Rhode Island Economic Development Corporation (RIEDC) , today announced that Stuart M. McGuigan, Senior Vice President and Chief Information Officer for CVS Caremark, has joined the Council. Governor Donald L. Carcieri appointed McGuigan on September 27, 2010 to a term that will expire on November 1, 2012.
“During my administration, we have set a clear course for an innovation economy to thrive in our state. It has been my goal to strengthen our state’s research capacity, build an innovation economy and enhance STEM education in Rhode Island. Through the work of STAC, we have come a long way in fueling our state’s research capacity,” said Governor Donald L. Carcieri. “The investments we have made will enable us to create a strong knowledge based economy and grow higher wage jobs for Rhode Islanders.
Additionally, our strategic investment in research has strengthened Rhode Island’s ability to compete for federal funding, including the recently awarded $20 million EPSCOR grant by the National Science Foundation.”
“The addition of Stuart to STAC will continue to enhance its ability to drive our science and technology agenda and build upon the ground work laid by the Commission,” continued Carcieri.
“STAC puts a high priority on identifying ways for Rhode Island to support entrepreneurship and accelerate research across the state that fosters new company creation and high-wage job growth. Stuart McGuigan’s technology expertise and extensive business management experience will be a tremendous asset to STAC as it continues its vital leadership role in strengthening Rhode Island’s knowledge economy,” said Keith Stokes, RIEDC Executive Director.
“Stuart McGuigan is a welcome addition to STAC,” said Clyde Briant, STAC co-chair and Vice President for Research at Brown University. “He brings to the Council extensive technology and management experience. Most importantly, he share’s STAC’s enthusiasm and support for increasing collaboration across the state’s research and development institutions. He will be a great partner and participant in our efforts moving forward.”
In his current position at CVS Caremark, McGuigan is responsible for the company’s Information Systems and Technology Operations, including information technology strategy, application development and technology infrastructure. A seasoned executive with many years of information systems management experience, McGuigan was previously Senior Vice President and CIO for Liberty Mutual Insurance Group, and was responsible for the company's Information Systems and Technology Operations. Prior to joining Liberty Mutual, McGuigan was the Senior Vice President for Information Services for Medco Health Solutions.
“STAC has made excellent progress in advancing the state’s innovation agenda,” said McGuigan. “I am excited to join STAC’s efforts to deepen Rhode Island's research and development capacity, promote collaboration, encourage entrepreneurship and assist in making innovation central to the state’s leadership agenda.”
McGuigan replaces, Thomas M. Ryan, Chairman and Chief Executive Officer of CVS Caremark, who served on STAC from 2006 to 2010.
“On behalf of STAC, I thank Tom Ryan for his service to the Council. We are grateful for his contributions to our efforts,” said Briant.
Governor Carcieri also took the opportunity to recognize the contributions of Tom Ryan to STAC. “As a member of STAC, Tom has brought a critical insight to the Commission, and has helped bridge science and technology research and education to real world applications.”
About the Rhode Island Science and Technology Advisory Council
The Rhode Island Science and Technology Advisory Council (STAC) was created in 2005 by Governor Donald Carcieri and sustained by legislative statute in 2006 with the mission to make innovation central to the state's leadership agenda.
STAC is charged with recommending and implementing policies and practices that 1) support the state's research and development activity; 2) promote collaboration across institutions; 3) encourage entrepreneurship and new company creation; and 4) enable all Rhode Island organizations, both public and private, to innovate.
STAC aims to assist Rhode Island's leadership in creating an innovation economy that will grow higher wage jobs and address critical needs in areas such as healthcare, education and public safety.
