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Stefano Pessina

Brewer’s appointment lifts WBA’s expectations

Brewer’s appointment lifts WBA’s expectations

DEERFIELD, Ill. — Stefano Pessina is bullish about the future of Walgreens Boots Alliance in the wake of Rosalind Brewer’s appointment to succeed him as the company’s chief executive officer. A former CEO of Walmart’s Sam’s Club division and currently chief operating officer and group president at Starbucks Corp., Brewer will join WBA on March

WBA’s Pessina calls Brewer an “exceptional leader”

WBA’s Pessina calls Brewer an “exceptional leader”

DEERFIELD, Ill. — Stefano Pessina is bullish about the future of Walgreens Boots Alliance in the wake of Rosalind Brewer’s appointment to succeed him as the company’s chief executive officer. A former CEO of Walmart’s Sam’s Club division and currently chief operating officer and group president at Starbucks Corp., Brewer will join WBA on March

Walgreens to host stockholders meeting webcast

Walgreens to host stockholders meeting webcast

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) will hold its virtual annual stockholders’ meeting on Jan. 28, 2021 at 8:00 a.m. CST. A live audio webcast of the meeting will be available through the WBA investor relations website at https://investor.walgreensbootsalliance.com. A replay of the meeting will be archived on the website for 12 months after the

WBA, AmerisourceBergen thrive on symbiosis

WBA, AmerisourceBergen thrive on symbiosis

Walgreens Boots Alliance and AmerisourceBergen earlier this month took the next but far from final step in their long-standing partnership, when the former agreed to sell the latter most of Alliance Healthcare. Valued at some $6.5 billion, the deal will bring AmerisourceBergen’s pharmaceutical distribution and health care solutions business to 13 countries, mostly in Europe,

WBA makes a majority investment in iA

WBA makes a majority investment in iA

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has made a majority investment in iA, a leading-edge provider of software enabled automation solutions for retail, hospital, federal health care and mail-order pharmacy markets. WBA’s investment will support iA’s expansion and further development of pharmacy automation solutions to benefit the entire pharmacy industry. For millions of Americans,

Pessina discusses implications of AmerisourceBergen deal

Pessina discusses implications of AmerisourceBergen deal

DEERFIELD, Ill. — Walgreens Boots Alliance and AmerisourceBergen yesterday took the next but far from final step in their long-standing partnership, when the former agreed to sell the latter most of Alliance Healthcare. Valued at some $6.5 billion, the deal will bring AmerisourceBergen’s pharmaceutical distribution and health care solutions business to 13 countries, mostly in

WBA’s first quarter earnings top expectations

WBA’s first quarter earnings top expectations

DEERFIELD, Ill. — Walgreens Boots Alliance Inc.’s first quarter profits beat analysts’ projections handily. The company’s adjusted earnings per share of $1.22 topped the forecast of $1.03. Revenue for the period ended November 30 rose 5.7% to $36.3 billion, driven by gains in U.S. store sales and wholesaling. “Our first quarter results exceeded expectations as

WBA ramps up investment in VillageMD

WBA ramps up investment in VillageMD

DEERFIELD, Ill.  — Walgreens Boots Alliance (WBA) and VillageMD  announced that WBA has accelerated its investment in VillageMD to support the opening of 600 to 700 Village Medical at Walgreens primary care clinics in more than 30 U.S. markets within the next four years, with the intent to build hundreds more thereafter. Walgreens is the

AmerisourceBergen and WBA announce strategic transaction

AmerisourceBergen and WBA announce strategic transaction

VALLEY FORGE, Pa. — AmerisourceBergen Corp and Walgreens Boots Alliance (WBA) announced on Wednesday strategic agreements under which AmerisourceBergen will acquire the majority of WBA’s Alliance Healthcare businesses for approximately $6.5 billion, comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. Walgreens’ unit, Alliance Healthcare is one of the largest

WBA appoints John Standley president of Walgreens

WBA appoints John Standley president of Walgreens

DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) announced on Monday 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.

Pessina, as usual, is several moves ahead

Pessina, as usual, is several moves ahead

Stefano Pessina’s decision to step down as Walgreens Boots Alliance’s chief executive officer has triggered speculation in the retail pharmacy and drug wholesaling sectors about the change, its timing and what it might portend for the company. Those who have followed WBA since its formation and, prior to that, Alliance Boots, which Pessina merged with

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