As CFO of Pharmasave, Zvonko Maretic is fiscally responsible for more than 430 retail pharmacies in nine provinces with 2010 revenue of more than $1 billion.
Despite fierce competition in the retail pharmacy sector and the arrival of new aggressive competitors, Pharmasave has continually increased store count in each of the four years since Maretic joined the organization.
Over those last four years Pharmasave has had best ever years in total sales, seeing sales increase steadily through the recessionary period and in the face of significant regulatory change.
Since joining the company in 2006, revenues have increased 15% to $1.3 billion in 2010.
Sue Paish, CEO of Pharmasave said “the remarkable performance in overall and same store sales is a testament to Zvonko’s astute financial leadership and the culture he has helped to build and which he perpetuates across the organization.”
Maretic is also the senior financial officer on a strategic alliance formed in 2009 between Pharmasave and PharmaChoice, a pharmacy retailer with 240 stores in the prairies and eastern Canada.
He is also project lead on this project, working toward the eventual integration of the two organizations, creating a mega independent pharmacy with over $2 billion in annual sales.
Under Maretic’s stewardship, Pharmasave implemented codes of ethics and governance standards that are regarded as industry leading. As a result, Pharmasave has been able to both anticipate legislative change and adapt operations, work flow, financial modeling and business practices. •
