Walgreens Boots Alliance Appoints John Standley President of Walgreens
August 31 2020 - 9:00AM
Business Wire
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the
appointment of John Standley as President of Walgreens, effective
immediately. He will lead all Walgreens operations, and will have
responsibility for the development, growth and management of the
business as the company continues to build on its leadership in the
rapidly evolving healthcare sector.
Standley has a deep background in pharmacy, retail and
healthcare, and will bring extensive operational experience to his
role to further deliver on the company’s four key strategic
priorities: creating neighborhood health destinations, driving cost
transformation, accelerating digitalization and restructuring
Walgreens retail offering. He will report to Alex Gourlay, Co-Chief
Operating Officer, Walgreens Boots Alliance.
Previously, he served as President, Chief Executive Officer and
Chairman of Rite Aid Corp. after a long career with the company in
various leadership roles. Prior to Rite Aid Corp., he was the Chief
Executive Officer of Pathmark Stores Inc., and has held leadership
roles in several other grocery and retail companies. Standley is
also a former Chair of the National Association of Chain Drug
Stores (NACDS).
“John’s leadership experience and strong understanding of our
industry and the U.S. healthcare markets will allow him to hit the
ground running, drive our transformation and fulfill our purpose to
help people lead healthier and happier lives across America,” said
Stefano Pessina, Executive Vice Chairman and Chief Executive
Officer, Walgreens Boots Alliance. “Walgreens’ essential role in
the healthcare delivery system and in the lives of millions of
Americans has never been more important as we continue to work our
way through the pandemic together. I’m confident John will build on
and grow our momentum at Walgreens, and help us compete and win
even more in the marketplace.”
Gourlay, who has served as President of Walgreens on an interim
basis, will continue in his role as Co-Chief Operating Officer,
Walgreens Boots Alliance, overseeing the strategic direction and
coordination of the company’s U.S. operations.
“I’m very excited to join the team and lead the iconic Walgreens
brand,” said Standley. “I’m looking forward to accelerating
execution of the strategic vision for the future of Walgreens. My
top priorities will be meeting and exceeding the needs of our
customers, patients, team members and the communities we serve
during these challenging times, and ensuring that Walgreens
fulfills its full potential as one of America’s most admired and
trusted companies.”
Notes to Editors:
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in
retail and wholesale pharmacy, touching millions of lives every day
through dispensing and distributing medicines, its convenient
retail locations, digital platforms and health and beauty products.
The company has more than 100 years of trusted health care heritage
and innovation in community pharmacy and pharmaceutical
wholesaling.
Including equity method investments, WBA has a presence in more
than 25 countries, employs more than 440,000 people and has more
than 18,750 stores.
WBA’s purpose is to help people across the world lead healthier
and happier lives. The company is proud of its contributions to
healthy communities, a healthy planet, an inclusive workplace and a
sustainable marketplace. The company’s businesses have been
recognized for their Corporate Social Responsibility. Walgreens was
named to FORTUNE* magazine’s 2019 Companies that Change the World
list and Boots UK was recognized as Responsible Business of the
Year 2019-2020 by Business in the Community.
WBA is included in FORTUNE’s 2019 list of the World’s Most
Admired Companies, ranked first in the food and drugstore category.
This is the 26th consecutive year that WBA or its predecessor
company, Walgreen Co., has been named to the list.
More company information is available at
www.walgreensbootsalliance.com.
*© 2019, Fortune Media IP Limited. Used under license.
(WBA-GEN)
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