Walgreens Boots Alliance said CEO Stefano Pessina will step down to make way for a new top executive though he will remain the company’s chairman
Earlier this year, there were reports Walgreens was going to engineer a leveraged buyout but there’s been no indication from the company lately that a strategy to take the company private is in the works.
Walgreens rivals including CVS Health and Walmart are opening up more of their own new healthcare services by expanding their footprint while the online retail giant Amazon invests more into pharmacy and home delivery of prescriptions. A Walgreens spokesman said the company expects to complete the CEO search in the “coming months, but the appointment date will be dependent on the candidate’s notice period and availability.”
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