Roz Brewer out as Walgreens CEO as company seeks chief with deep health care experience
Publishing timestamp: 2023-09-01 09:58:44
Summary
Walgreens CEO Roz Brewer has stepped down as the company focuses on becoming a healthcare provider rather than a drugstore. The decision was mutual, and the company's stock fell more than 5% following the announcement. The company will search for a successor with deep healthcare experience. Walgreens has struggled with a drop in demand for COVID testing and vaccines, as well as declining retail sales. Brewer had led the company since March 2021 and pursued a transition to position Walgreens as a healthcare company.
Sentiment: NEGATIVE
Tickers: SBUX, RAD, WBA, WMT, CVS, OSH, AMZN,
Keywords: walmart inc, health care industry, breaking news: business, starbucks corp, walgreens boots alliance inc, amazon.com inc, business news, rite aid corp,
Source: https://www.cnbc.com/2023/09/01/walgreens-ceo-roz-brewer-steps-down.html