George Paz Explained

George Paz (died October 23, 2022, age 67) was the chairman, and former CEO, of Express Scripts, a Fortune 100 company, and the largest pharmacy benefit management (PBM) organization in the US.

Career

Paz, the grandson of Mexican immigrants, studied accounting at the University of Missouri - St. Louis and was a certified public accountant.[1]

From 1993 to 1995, Paz was executive vice president and chief financial officer for Life Partners Group.[2] [3] Paz joined Express Scripts in January 1998 as chief financial officer when the company had annual revenue of about $1.2 billion.[4] In April 2005, Paz was named CEO of Express Scripts and the company had revenue of $15 billion.[5] In 2008, Paz joined the board of directors of Honeywell, Inc.[6]

In 2012, Paz was appointed to a three-year term on the board of directors of the Federal Reserve Bank of St. Louis. In December 2014, Paz was named chairman of the board of directors at the bank.[7]

In September 2015, Express Scripts announced that Paz would retire in May 2016 and become non-executive chairman.[8] [9] [10] He was succeeded as CEO by Tim Wentworth, who was previously president of the company.

In February 2016, Paz was appointed to the board of directors of Prudential Financial.[11]

Paz died on October 23, 2022.[12]

Notes and References

  1. Web site: George Paz's reign ends after catapulting Express Scripts to No. 1. Liss. Samantha. 1 May 2016. STLtoday.com. en. 2020-03-05.
  2. Web site: Prudential Financial appoints three new members to its board Careers POST Online Media. www.poandpo.com. 2020-03-05.
  3. Web site: Paz succeeds Hill as president of Express Scripts. 2 October 2003. www.bizjournals.com. 2020-03-05.
  4. Web site: Phenomenal Leadership: George Paz. Latino Leaders Magazine. en-US. 2020-03-05.
  5. News: Express Scripts CEO George Paz to retire. 2015-09-09. Reuters. 2020-03-05. en.
  6. Web site: Express Scripts CEO joins Honeywell board. 15 December 2018. St. Louis Business Journal.
  7. Web site: George Paz named chairman of St. Louis Fed board. STLtoday.com. en. 2020-03-05.
  8. Web site: Executive Profile* George Paz. Bloomberg. 30 July 2015.
  9. Web site: Express Scripts CEO George Paz to retire. 9 September 2015. 14 November 2017. Reuters.
  10. Web site: Express Scripts CEO George Paz Plans to Retire. Tess. Stynes. 9 September 2015. 14 November 2017. www.wsj.com.
  11. Web site: Steve's Hot Dogs coming to The Pageant - 5 things you don't need to know but might want to. Rizvic. Veneta. 11 February 2016. St. Louis Business Journal.
  12. News: Drew . James . George Paz, former CEO of Express Scripts and civic leader, dead at 67 . 27 October 2022 . St. Louis Business Journal . 25 October 2022.

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