Last updated on July 15th, 2015 at 03:33 pm
Walgreens Boots Alliance’s board of directors has named Stefano Pessina CEO, effective immediately. Pessina had been serving as acting CEO since January and will continue reporting to Executive Chairman James Skinner.
“In Walgreens Boots Alliance’s initial six months as a newly combined company, Stefano has done an extraordinary job leading the new enterprise, focusing our strategy while enhancing our financial performance,” said Skinner.
“The integration of Walgreens and Alliance Boots is proceeding exceptionally well, with Stefano’s vision for the company driving the organization forward,” added Skinner. “Through his leadership, our organization is meeting the challenges of combining our two companies, and many of the opportunities we anticipated from our strategic combination are now becoming a reality. In order to continue this momentum and to recognize the progress that is already being made, the board concluded Stefano is the very best person to achieve our vision to be a truly global healthcare champion, the first choice for pharmacy, healthcare and wellbeing across the world.”
Walgreens Boots Alliance was created through the combination of Walgreens and Alliance Boots of Britain in December 2014, bringing together two companies with iconic brands, complementary geographic footprints, shared values and a heritage of healthcare services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.