Alliance Boots executive chairman to become Walgreen's interim CEO

Stefano Pessina, executive chairman of European drugstore chain Alliance Boots, will serve as acting CEO of Deerfield, Ill. based-Walgreen, following the retirement of CEO Greg Wasson, according to Forbes. A search for a permanent CEO is expected to begin soon.

Amid changes in the Walgreen executive suite, Walgreen shareholders approved the acquisition of the remaining 55 percent of Alliance Boots that the company doesn't already own. Walgreen purchased the first 45 percent of Alliance Boots in 2012.

Walgreen pharmacies in the U.S. will now fall under a new holding company called Walgreens Boots Alliance and will begin trading on the Nasdaq under the symbol "WBA."

According to the report, the new holding company will remain in the U.S., though there was talk of moving the headquarters overseas for a lower tax rate.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars