Retail News Breaks
Walgreens moves up Magnacca
February 1st, 2013
DEERFIELD, Ill. – Joseph Magnacca has been promoted to executive vice president at Walgreen Co.
Walgreens said Friday that Magnacca, who previously was senior vice president, also retains his title as president of daily living products and solutions.
Magnacca oversees Walgreens' merchandising and inventory strategy, private brands, insights and analytics, as well as the New York-based Duane Reade drug chain, which Walgreens acquired in 2010.
"Joe plays a critical role in our strategy to step out of the traditional drug store channel and deliver the 'Well Experience' to our customers," Walgreens president and chief executive officer Greg Wasson said in a statement.
"We want that customer experience to be unmatched in the industry, and Joe is helping to bring it to life through leading-edge store design, enhanced products and services, and increased customer delight. His exceptional strategic market focus means we are now better positioned than ever to meet the daily living needs of our customers.”
A retail industry veteran of more than 20 years, Magnacca was named as Walgreens' president of daily living products and solutions in 2011.
Magnacca joined Duane Reade in 2008 as senior vice president and chief merchandising officer. He was later promoted to executive vice president at Duane Reade and then to president of the drug chain after its acquisition by Walgreens.
Earlier in his career, Magnacca served as vice president of marketing and merchandising at Loblaw Cos., a leading food/drug distributor and retailer in Canada, and as executive vice president of merchandising and category management at Shoppers Drug Mart Corp., Canada's largest drug chain.
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