Walgreens names new chief financial officer

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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 with Alliance Boots. He comes to Walgreens from Kraft Foods Group Inc., where he most recently served as executive vice president and CFO.

“We are pleased to welcome Tim to lead our financial operations into the next chapter of Walgreens’ ongoing transformation as we continue to accelerate our strategic growth drivers, expand globally with Alliance Boots and prepare to embark on our journey to create the first global pharmacy-led, health and well-being enterprise,” president and chief executive officer Greg Wasson said in a statement. “With Tim on our senior management team, Walgreens and Alliance Boots will benefit not only from his deep and rich experience in the consumer products market, but also from his experience in bringing together companies to ensure efficient, effective and profitable growth and value creation.”

Before joining Kraft, McLevish was CFO at Ingersoll-Rand, a diversified industrial company, and Mead Corp., a forestry products company. He also served in a leadership role at Zellerbach Paper Co., where he was vice president and general manager.

“It is a privilege to join such an admirable company, especially at this exciting and pivotal time as Walgreens expands to become a global enterprise,” McLevish stated. “I look forward to helping Greg and the team achieve the company’s important mission and carry out their remarkable vision to expand health and well-being across America and around the world for the benefit of customers, patients, health care partners and shareholders.”

Walgreens said Miquelon, who also held the title of international president, will continue as an adviser to assist the company as it considers the exercise of the second phase of its partnership with Alliance Boots.

Wade Miquelon

“Wade’s remarkable leadership, strategic vision and expertise played a critical role in helping Walgreens transition and transform from a 20th century American drug store chain into a 21st century global health and well-being enterprise, setting the stage for a new generation of growth and value creation for all,” Wasson commented. “Wade has been a strong contributor as together we charted and pursued a bold new course for Walgreens globally. We know Wade can’t resist a new challenge, so we thank him and wish him the very best as he moves forward with the next chapter of his outstanding career.”

Miquelon joined Walgreens in June 2008 as senior vice president and CFO and was promoted to executive vice president in 2009. In 2012, following his leadership in establishing Walgreens strategic partnership with Alliance Boots in June, he assumed an expanded and global leadership role as international president and joined the board of Alliance Boots. As he continued to lead Walgreens finance functions as chief financial officer, Miquelon also served as Wasson’s senior leader in collaborating with the Alliance Boots management team to execute the new global partnership.

Among many other achievements at Walgreens, Miquelon played a central role in launching and advancing the Walgreens-Alliance Boots partnership. In March 2013, Miquelon also led the establishment of the Walgreens-Alliance Boots strategic, long-term relationship with AmerisourceBergen Corp. to streamline the distribution of pharmaceuticals and leverage global supply chain efficiencies.

“It’s been one of the greatest privileges and pleasures of my career to help Greg and the team to bring this iconic American company to the brink of becoming a fully global health and well-being enterprise to serve the world,” Miquelon stated. “This truly has been an incredible journey and chance to serve. Now that we are preparing to move forward with bringing together these two iconic brands, it’s the right time for me to transition to new challenges and new opportunities. I know Tim will bring tremendous experience and insight to this exceptional company and continue to grow and develop an outstanding finance and accounting organization.”


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