Stefano Pessina has decided to exit the role of CEO of Walgreens Boots Alliance and will become executive chairman when a new chief executive is appointed, the company announced this morning.
The board will start a search for a new CEO. When one is appointed, Pessina will become executive chairman and Jim Skinner will step down as executive chairman but stay on the board “to facilitate a smooth leadership transition,” the company said.
“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 in a statement. "I am also very glad that Jim and I will continue to work together on the board, and on behalf of the entire company, we greatly appreciate all his contributions during his time as executive chairman.”
Pessina was named executive vice chairman in January 2015 after the December 2014 merger of Walgreens and Alliance Boots. He was acting CEO beginning in January 2015 and named CEO in July 2015.
Skinner has been the company's executive chairman since January 2015.
“It has been an enormous privilege to work with Stefano, the board of directors and all our employees during my time as executive chairman. I am deeply grateful for the opportunity, as well as the chance to continue to serve as a board member in the future," Skinner said in the statement.
More to come.
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July 27, 2020 at 08:09PM
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Walgreens CEO to step down | Chicago Business & Financial News & Analysis - Crain's Chicago Business
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