Walgreens names veteran health-care executive Tim Wentworth as next CEO

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Walgreens names veteran health-care executive Tim Wentworth as next CEO
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Wentworth is the former CEO of the nation’s largest pharmacy benefits management company, Express Scripts, which was acquired by Cigna in 2018.

Walgreens Boots Alliance has chosen veteran health care executive Tim Wentworth as the company's new chief executive starting Oct. 23.

Walgreens' board has said they were intent on hiring an executive with deep health experience who could rein in all of its new services."What made me decide to come back was a chance to lead this iconic brand and company at a time when it's not in a steady state," Wentworth told CNBC."It's a massive platform... they touch almost 10 million people a day.

"I came from one of the great efficiency companies at Express Scripts — I mean, we were built to drive out waste from health care and and we looked at everything through that lens. And that has to do by starting with our own cost structure, and there's no question inside this company that's every bit as important," said Wentworth.

The company's core pharmacy business is also facing challenges. This week, pharmacists in several cities have walked off the job to protest understaffing at pharmacies which the non-union workers say endangers patients.

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