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Stefano Pessina

WBA prepared to ‘help shape future of health care’

WBA prepared to ‘help shape future of health care’

NEW YORK — Walgreens Boots Alliance Inc. (WBA) sees significant opportunities ahead as the company integrates its global operations. “Our size and scope means that if we are effective in our delivery, we will be one of the companies that helps shape the future of health care, pharmacy and retail on a global basis,” executive

Former Duane Reade CEO joins WBA board of directors

DEERFIELD, Ill. — Former Duane Reade chief executive officer John Lederer has been named to the board of Walgreens Boots Alliance Inc. (WBA). Lederer has been president and CEO of US Foods since September 2010, leading a comprehensive brand transformation. He also led a major transformation at Duane Reade, overseeing the creation of a new

WBA management team knows what’s what

WBA management team knows what’s what

Walgreens Boots Alliance experienced a rite of passage earlier this month when for the first time it reported quarterly earnings. The financial performance of the self-described international pharmacy-led health and well-being enterprise, formed last December by the merger of Walgreens and Alliance Boots, was noteworthy, with adjusted earnings far exceeding the projections of Wall Street

WBA sees ‘a significant opportunity’ ahead

WBA sees ‘a significant opportunity’ ahead

  NEW YORK — Walgreens Boots Alliance Inc. has the size and scope to be “one of the companies that helps shape the future of health care, pharmacy and retail on a global basis,” executive vice president and acting chief executive officer Stefano Pessina said at the company’s Analyst Day event. Pessina detailed the progress

Walgreens Boots Alliance posts gains for 2Q

Walgreens Boots Alliance posts gains for 2Q

DEERFIELD, Ill. — In the first financial report since its formation at the close of 2014, Walgreens Boots Alliance Inc. recorded earnings per share for the fiscal 2015 second quarter that exceeded analysts’ forecasts. Management also announced on Thursday that it is expanding its restructuring program after identifying additional opportunities to cut costs, particularly in

Ex-Duane Reade CEO joins Walgreens Boots Alliance board

Ex-Duane Reade CEO joins Walgreens Boots Alliance board

DEERFIELD, Ill. — Former Duane Reade chairman and chief executive officer John Lederer has been elected to the Walgreens Boots Alliance Inc. board of directors. Lederer is currently president and CEO of US Foods, a Rosemont, Ill.-based foodservice distributor. “It is a tremendous privilege to join the Walgreens Boots Alliance board as this new global

WBA taps two Alliance Boots execs

DEERFIELD, Ill. — Two Alliance Boots executives were promoted in recent weeks to new positions with Walgreens Boots Alliance Inc. (WBA). George Fairweather, formerly group finance director at Alliance Boots, was named WBA executive vice president and global chief financial officer. And Marco Pagni, who was Alliance Boots’ group legal counsel and chief administrative officer,

Walgreens Boots Alliance makes formal debut

Walgreens Boots Alliance makes formal debut

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

It’s a new identity for Walgreens

It’s a new identity for Walgreens

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

Walgreens, Alliance Boots close merger

Walgreens, Alliance Boots close merger

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

Wasson decides to retire from Walgreens

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

Walgreens begins new phase in transformation

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

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