Walgreens CEO Roz Brewer resigns after greater than two years on the job

  • Roz Brewer is leaving as CEO of Walgreens after greater than two years.
  • Walgreens inventory has struggled this 12 months.
  • The corporate has been hit by a decline in demand for Covid vaccines and testing.

Rosalind “Roz” Brewer

Jason Redmond | Afp | Getty Pictures

Walgreens Boots Alliance introduced Friday that Roz Brewer has resigned as the corporate’s chief govt officer.

She additionally resigned from the corporate’s board of administrators efficient Thursday. In accordance with a press launch, the choice was amicable.

Brewer and Walgreens have been in a tough spot main as much as Friday’s announcement. Shares of Walgreens are down greater than 32% this 12 months as of Thursday’s shut as the corporate struggles with a decline in demand for Covid testing and vaccines. In June, the corporate reported fiscal third-quarter earnings that missed Wall Avenue expectations for the primary time since July 2020. The corporate additionally lowered its earnings steerage for the 12 months.

Walgreens stated it’s on the lookout for a brand new CEO. In the meantime, lead unbiased director Ginger Graham will act as interim boss.

Brewer, a veteran of Walmart and Starbucks, had led Walgreens since March 2021. Throughout her quick tenure, which included a good portion of the Covid pandemic, the corporate had sought a shift that might place Walgreens as a healthcare firm somewhat than a pharmacy chain.

“I’m assured that WBA is on its path to changing into a number one consumer-focused healthcare firm, serving 1000’s of communities throughout the nation, notably those that want entry to healthcare most,” Brewer stated in Friday’s announcement.

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