CHICAGO — Former Walgreens Boots Alliance chief executive officer Greg Wasson is part of a joint venture to help Fortune 50 companies take advantage of disruptive technologies with significant market potential. Wasson Enterprise, a Chicago-based angel investment group founded by Wasson, and Innventure, co-founded by entrepreneur Michael Otworth to commercialize innovative technology, have formed Innventure —
PALM BEACH, Fla. — The National Association of Chain Drug Stores bestowed the chain drug industry’s highest honors on three “industry icons” at its annual meeting here last month. Greg Wasson, former president and chief executive officer of Walgreen Co., received the Sheldon W. Fantle Lifetime Achievement Award. Two industry veterans received the Robert B.
PALM BEACH, Fla. — Former Walgreen Co. president and chief executive officer Greg Wasson received the Sheldon W. Fantle Lifetime Achievement Award, the chain drug industry’s top honor, from the National Association of Chain Drug Stores last night at the NACDS Annual Meeting. Also on Tuesday evening, NACDS presented David Heist, director of industry affairs
VALLEY FORGE, Pa. — Ornella Barra, executive vice president of Walgreens Boots Alliance Inc. (WBA), has been elected to the board of directors at AmerisourceBergen Corp. Barra, who also serves as president and chief executive officer of global wholesale and international retail, fills the vacancy created by Greg Wasson’s resignation from the board on January 9.
NEW YORK — Walgreens Boots Alliance Inc.’s (WBA’s) top executives marked the close of a busy first week as a new company by ringing the opening bell January 9 at the Nasdaq Stock Market, where the company now trades under the “WBA” ticker symbol. Moments later, in an interview with financial network CNBC, executive vice chairman
Possibly lost in the fanfare surrounding the formal debut of Walgreens Boots Alliance, and its new home on the Nasdaq stock exchange, is the company’s new logo. Jim Skinner, executive chairman of WBA (the new stock symbol, by the way), told CNBC in the wake of the Nasdaq launch event in Manhattan that the company’s globe-shape logo
DEERFIELD, Ill. – As expected, Walgreen Co. and Alliance Boots GmbH have finalized the second step of their two-part merger agreement following Walgreens shareholders’ approval earlier this week. Coming just before the new year, the completion of the deal announced in 2012 reorganizes Walgreens into a subsidiary of a new holding company, Walgreens Boots Alliance
DEERFIELD, Ill. — Kermit Crawford, who retired as Walgreen Co.’s president of pharmacy, health and wellness on December 31, ended his career at Walgreens the same way he began it 31 years ago — providing the best in patient care. Building on the ethos instilled in him by his mother, Doris Crawford, while he was
DEERFIELD, Ill. — The New Year ushered in the beginning of a new era at Walgreen Co., which is scheduled to complete the second and final step of its merger with Alliance Boots GmbH in the first quarter. And this new era for Walgreens Boots Alliance will get under way without the presence of longtime
Which events were most significant for chain drug retailing in 2014? As usual, that is not an easy question to answer. In many ways, 2014 was a remarkable year for the chain drug industry, one in which the character of the business was changed, probably irrevocably. The industry assumed a global character for perhaps the
When the history of Walgreen Co. is written, Greg Wasson, who last month announced that he would step down as chief executive officer of the drug chain upon completion of its merger with Alliance Boots, will be seen as one of the company’s most consequential leaders. A product of the Walgreens system who joined the
DEERFIELD, Ill. — Walgreen Co. has named activist investor Barry Rosenstein, founder and managing partner of hedge fund JANA Partners LLC, to its board of directors. Walgreens said Monday that it also plans to name a second new director to its board as the company moves forward to complete its merger with Alliance Boots GmbH. Early
DEERFIELD, Ill. — Timothy McLevish has been named executive vice president and chief financial officer at Walgreen Co., taking over from Wade Miquelon, who left to pursue other opportunities. Tim McLevish McLevish will lead all of Walgreens’ finance functions as the company prepares to move forward with the proposed second step of its strategic partnership
DEERFIELD, Ill. — In a move to expand its e-commerce business and expertise, Walgreen Co. plans to acquire drugstore.com in a deal valued at $409 million. Walgreens said Thursday that under the agreement, it will acquire the drugstore.com web site plus the online retailer’s extensive roster of microsites, led by Beauty.com. Plans call for drugstore.com