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Walgreens Boots Alliance names Tim Wentworth new CEO
  + stars: | 2023-10-11 | by ( Rob Mclean | ) edition.cnn.com   time to read: +1 min
New York CNN —Walgreens Boots Alliance said Tuesday that it has named Tim Wentworth its new CEO. Wentworth will begin the position on October 23, according to a news release, and will also join the WBA board of directors. We are confident he is the right person to lead WBA’s next phase of growth into a customer-centric healthcare company.”In September, former WBA CEO Rosalind Brewer stepped down less than three years after taking the helm of the pharmacy chain. Brewer also immediately stepped down as a member of the company’s board. Walgreens’ board named Ginger Graham, a member of the board, as interim CEO.
Persons: Tim Wentworth, Wentworth, , ” Wentworth, Evernorth, Stefano Pessina, Wentworth “, Rosalind Brewer, Brewer, Ginger Graham Organizations: New, New York CNN, Walgreens Boots Alliance, WBA, Board, Express, Human, , Fortune, Walgreens Locations: New York
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Give in, and companies will be less profitable and at a competitive disadvantage, big business has said. Streaming and entertainment companies (Disney, Amazon, Apple, Netflix, Comcast, Paramount and CNN parent company, Warner Bros. Discovery) saw 2.5% growth in new investors on Public during the writers strike, which began in May and ended in early October. Nothing to sweat for buy-and-hold investors: Even investors who buy index funds and are concerned about the effects of the strike probably can take a deep breath.
Persons: It’s, haven’t, Ford, Ginger Graham, Walgreens, , Matt Egan, JPMorgan Chase, Jamie Dimon, Dimon, ” Dimon, Goldman Sachs, ” Goldman Sachs, David Solomon, Organizations: CNN Business, Bell, New York CNN — Corporate, Cornell University’s Labor, Public, Ford, GM, Apple, Netflix, Comcast, Paramount, CNN, Warner Bros, Hollywood, Entertainment, Morningstar, General Motors, Walgreens, Pharmacy, JPMorgan, of Commerce, Israel - America Chamber of Commerce Locations: New York, Arizona , Washington , Massachusetts, Oregon, West Coast, Israel, United States
Walgreens Boots Alliance said Friday that Roz Brewer had stepped down as the company's chief executive. Brewer and Walgreens were in a rough patch leading up to Friday's announcement. In June, the company reported fiscal third quarter earnings that missed Wall Street expectations for the first time since July 2020. Walgreens said it is searching for a new CEO. A veteran of Walmart and Starbucks, Brewer had led Walgreens since March 2021.
Persons: Roz Brewer, Brewer, Ginger Graham Organizations: Walgreens Boots, Walgreens, Walmart, Starbucks
Walgreens CEO Brewer steps down less than three years into job
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: +2 min
Pigeons are seen resting on signage for Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSept 1 (Reuters) - Walgreens Boots Alliance (WBA.O) said on Friday CEO Rosalind Brewer has stepped down less than three years since she took the top job at the pharmacy chain operator. The company's board and Brewer had mutually agreed that she would step down, Walgreens said, without providing further details. Brewer, a former Starbucks (SBUX.O) executive, joined Walgreens in 2021. Walgreens' shares have lost about 47% of their value since March 2021, when Brewer became CEO.
Persons: Andrew Kelly, Rosalind Brewer, Brewer, Ginger Graham, Manas Mishra, Shounak Dasgupta Organizations: Walgreens, Walgreens Boots Alliance, Inc, REUTERS, Starbucks, Thomson Locations: Manhattan , New York City, U.S, COVID, Bengaluru
Walgreens CEO steps down
  + stars: | 2023-09-01 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +2 min
New York CNN —Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain. Walgreens’ board named Ginger Graham, a member of the board, as interim CEO as the company launches a search for a permanent CEO. Walgreens slashed its full-year profit guidance in June, warning of softening consumer spending and a pullback in demand for Covid vaccines. Under Brewer, Walgreens had implemented cost-saving measures in an effort to boost profitability in its healthcare segment. Walgreens says it’s a digital-first experimental store to benefit customers and not designed to deter theft, Walgreens says.
Persons: Rosalind Brewer, Brewer, Ginger Graham Organizations: New, New York CNN, Walgreens Boots Alliance, Fortune, Walgreens, Roosevelt, Dick’s Sporting Goods Locations: New York, United States, United Kingdom, Chicago
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