Walgreens Boots Alliance Says Stefano Pessina Will Step Down as CEO, Become Chairman
July 27 2020 - 9:49AM
Dow Jones News
By Dave Sebastian
Walgreens Boots Alliance Inc. said Stefano Pessina has decided
to step down as chief executive after five years in the role, and
will become executive chairman once the company names his
successor.
The company on Monday said James Skinner will step down as
executive chairman but remain on the board to guide the
transition.
Mr. Pessina became the company's executive vice chairman in
January 2015 following Walgreens and Alliance Boots' combination in
December 2014 and subsequently served as interim CEO before being
confirmed in the role in June 2015. Mr. Skinner has been executive
chairman since January 2015.
Walgreens Boots Alliance operates more than 400 distribution
centers supplying more than 115,000 pharmacies, doctors, health
centers and hospitals every year, it said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 27, 2020 09:34 ET (13:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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