Walgreens has announced that Greg Wasson, its president and CEO, will retire following the company’s shareholder December 29 vote on the acquisition of its European partner Alliance Boots. At that point, Walgreens stated, its chairman James Skinner will become Walgreens Boots Alliance executive chairman, and Stefano Pessina, now executive chairman of Alliance Boots and a member of the Walgreens board of directors, will become acting CEO, pending a board search for a successor.
The company added that William Foote would serve as lead independent director on the Walgreens Boots Alliance board.
“When I became CEO six years ago, I had three goals: to transform the front end of Walgreens drugstores, to advance the role that community pharmacy plays in health care and to find the right partner to take Walgreens global,” Wasson said, in announcing the move. “With the creation of Walgreens Boots Alliance, it is now time for new leadership to move that vision forward building on the global platform we have created, executing on the company’s many opportunities and creating long-term sustainable value for our customers and shareholders. I could not be more proud of our company or more grateful for the opportunities I have had to work with so many incredible people since joining Walgreens over 35 years ago, and I am committed to doing my best to achieve the smoothest possible leadership transition.”