stefano pessina

Deerfield, Ill. — Walgreens Boots Alliance, Inc. (WBA) has appointed Rosalind (Roz) Brewer as the company’s chief executive officer, effective March 15, 2021. Brewer will also join the WBA board of directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of executive chairman of the board of WBA. Pessina has served as the CEO of the combined company for 6 years following the merger between Walgreens and Alliance Boots in December 2014. During his tenure, he transformed and modernized the company …

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Deerfield, Ill., and Camp Hill, Pa. — Walgreens Boots Alliance, Inc. and Rite Aid Corporation have agreed to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission (FTC) approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.

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