Inside This Issue - News
Walgreens tabs new chairman
August 13th, 2012
DEERFIELD, Ill. – Walgreen Co. has tapped former McDonald’s Inc. chief executive officer James Skinner to serve as its new nonexecutive chairman.
Skinner, who has served on Walgreens’ board of directors since 2005, succeeds Alan McNally in that post.
McNally served as the Walgreens board’s first lead director, beginning in January 2008. He later served as chairman and acting CEO, and has served as nonexecutive chairman since 2009. He also was CEO of Harris Bank from 1993 to 2002 and chairman of the board of Harris Financial Corp. from 1998 to 2006.
He will continue to serve on Walgreens’ board.
“Al’s leadership on Walgreens’ board has helped to move this company and our iconic brand through an historic transformation and into a new century of service, success and growth potential,” Walgreens president and CEO Greg Wasson says. “I have truly benefited from and appreciated his sound counsel and advice during my three and a half years as CEO. The value of his service to our board is — and I know will continue to be — immeasurable.”
Skinner served as McDonald’s CEO beginning in November 2004, and prior to that he held a variety of leadership positions at the company. In addition to Walgreens, Skinner serves on the board of directors of Illinois Tool Works Inc. He retired as McDonald’s CEO in April.
“Jim Skinner’s long and successful record in retail and customer experience, both across the nation and around the world, will be enormously helpful at a time when Walgreens is launching with Alliance Boots the first global pharmacy-led health and well-being enterprise,” Wasson says.