Rosalind Brewer was named chief executive officer of Walgreens in March 2021.
Walgreens Boots Alliance said Friday that Rosalind Brewer will step down as chief executive officer following a challenging year for shares of the retail pharmacy company.
Ginger Graham is the current lead independent director of Walgreens, and will act as the company’s interim CEO during the search for Brewer’s replacement, the company said.“I am confident that WBA is on track to be a leading consumer-centric healthcare company, serving thousands of communities across the country, especially those that need access to healthcare the most.
The stock has had a difficult year and the pressures are expected to last. Coming into the session, shares have tumbled 32% this year and 16% over the past three months. RBC Capital Markets analyst Ben Hendrix wrote in a research note Thursday, ahead of Brewer’s resignation, that consumers continue to face elevated inflation levels, specifically in certain areas like gas and food.
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