Subscribe Login
Retail

Walgreens Boots Alliance CEO Stefano Pessina To Step Down

Walgreens Boots Alliance Inc has announced that its chief executive officer Stefano Pessina has decided to step down from the position and will assume the role of executive chairman once a replacement is appointed.

Pessina, 79, was appointed as the CEO in 2015 following the merger between Walgreens and Alliance Boots.

Under Pessina, the company has explored several strategic partnerships and acquisitions including whether to go private following private equity interest.

"I look forward to continuing to serve the company as executive chairman, and to helping to ensure the success of the new chief executive officer in every way possible," Pessina said.

Executive chairman James Skinner will step down, but will remain on the board, Walgreens added.

News by Reuters edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

LIMITED TIME OFFER: 20% Off Our Premium Subscription
Enjoy full access to all website and app content, our weekly email news digest, and to Checkout Magazine 12 times a year (including our Top 100 Brands 2022 edition).
LIMITED TIME OFFER: 20% Off Our Premium Subscription
LIMITED TIME OFFER: 20% Off Our Premium Subscription
Enjoy full access to all website and app content, our weekly email news digest, and to Checkout Magazine 12 times a year (including our Top 100 Brands 2022 edition).
LIMITED TIME OFFER: 20% Off Our Premium Subscription