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Walgreens Hires Starbucks Exec As Its New CEO

Walgreens Hires Starbucks Exec As Its New CEO

Walgreens Hires Starbucks Exec As Its New CEO

Walgreens Boot Alliance (WBA) is appointing Rosalind (Roz) Brewer as the company’s new CEO, effective March 15. Brewer will be taking over the reigns from Stefano Pessina, who will be transitioning to the executive chairman of the company’s board.

Pessina has been serving as Walgreens’ chief executive since 2015. Under his tenure, he is credited with turning the company into a global pharmacy conglomerate and significantly expanding the company’s footprint.

“The Board conducted an extensive search to identify an exceptional leader who will build on WBA’s track record of success and take advantage of the many growth opportunities in many markets across the company. We are excited to have found that person in Roz,” said Pessina. “She is a distinguished and experienced executive who has led organizations globally through periods of changing consumer behavior by applying innovation that elevates customer experiences – ultimately driving significant and sustainable growth and value creation.” 

Brewer most recently served as the chief operating officer at Starbucks, where she has helped accelerate the company’s growth and expand its operations overseas. Prior to working for Starbucks, Brewer served as the president and CEO of Sam’s Club.

“The healthcare industry is constantly evolving, and I am excited to work alongside the entire WBA team as we deliver further innovation and positively impact the lives of millions of people around the world every day. This is especially true today as the company plays a crucial role in combatting the COVID-19 pandemic,” Brewer said.

Brewer’s appointment comes six months after Pessina announced his plan to step down from the role.

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