Walgreens names veteran health-care executive Tim Wentworth as next CEO
Publishing timestamp: 2023-10-11 06:10:27
Summary
Tim Wentworth, former CEO of Express Scripts, has been chosen as the new chief executive of Walgreens Boots Alliance. The company is facing challenges in transitioning to becoming a provider of health services beyond the pharmacy counter. Walgreens has made acquisitions in the primary care, specialty pharmacy, and homecare sectors, but integrating and scaling these businesses has pressured earnings. The company is also facing challenges in its core pharmacy business, with pharmacists protesting understaffing. Wentworth aims to lead the company's next phase of growth into a customer-centric healthcare company. Walgreens is set to report fourth-quarter earnings soon.
Sentiment: NEUTRAL
Keywords: retail industry, business news, breaking news: business, walgreens boots alliance inc, cigna corp, health care industry,