During her brief tenure, which included a sizable stretch of the Covid pandemic, the company had pursued a transition that would position Walgreens more as a health-care company than a pharmacy chain. It's also seen front-end retail sales for items like toothpaste and shampoo consistently fall as consumers go to competitors like Walmart and Amazon for those everyday necessities, which can be ordered online and delivered within a couple of days.Ī veteran of Walmart and Starbucks, Brewer had led Walgreens since March 2021. Walgreens shares are down more than 32% this year as of Thursday's close, as the company has struggled with a drop in demand for Covid testing and vaccines. ![]() "Our Board and leadership team will intensify our focus on creating value for our customers and our shareholders while we advance the search for a successor with deep healthcare experience to lead in today's dynamic environment," said Stefano Pessina, Walgreens' executive chairman.īrewer and Walgreens were in a rough patch leading up to Friday's announcement. She didn't immediately return requests for comment. Graham is a veteran of the health-care industry.īrewer has agreed to continue advising the company until it selects a permanent CEO. ![]() Ginger Graham, the lead independent director and a health-care industry veteran, will work as interim chief while the company searches for a successor. Shares of Walgreens fell about 7% Friday. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit
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