September 3rd 2023.
Roz Brewer, the CEO of Walgreens, is stepping down after holding the position since 2021. On September 1st, CNBC confirmed the news - Walgreens is looking to move away from its retail portfolio and focus more on health care. Roz Brewer had a background of leading Walmart and Starbucks, so when she took on the role of CEO of Walgreens, the company was already in the midst of a transition.
Walgreens is not the only pharmacy undergoing a health-care centric strategy. CVS is also making the transition. Brewer remained CEO of Walgreens through the pandemic and worked to increase vaccine equity as Covid-19 spread worldwide. However, due to her specialty in retail, her role at the company was no longer fitting the goals of the company, according to reports.
Neil Saunders, a retail analyst and GlobalData managing director, released a statement about Brewer's departure. “All of this must come as a disappointment to Ms. Brewer, but it also means that a different sort of experience is needed to lead the business. It is notable that the interim CEO, Ginger Graham, has a much deeper background in the healthcare and pharma industries.”
Brewer also released a statement upon the announcement of her transition out of the company. “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,” she said.
Although Brewer is leaving the company, she has made a tremendous impact in her time at Walgreens. She was even named the highest-paid female CEO in a study. As Walgreens moves forward in its health-care focused journey, they will remember her contributions and the legacy she left behind.
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