Walgreens Overhauls Management Team And Names Two Co-COOs

By Markets MarketWatch Pulse

Walgreens Boots Alliance Inc. said Thursday it is reorganizing its management team as it continues to work to integrate Walgreens and Alliance Boots. The company said it has named Alex Gourlay, executive vice president of Walgreems Boots Alliance and President of Walgreens, and Ornella Barra, executive vice president of Walgreens Boots Alliance and president and chief executive of global wholesale and international retail, as co-chief operating officers. Gourlay will oversee Walgreens and Boots, while Barra will supervise global brands, human resources and other business services. Separately, the company said Simon Roberts, executive vice president of Walgreens Boots Alliance and president of Boots, will leave the company in July to pursue other opportunities. Shares were not yet active in premarket trade, but are down 6.7% while the S&P 500 has gained 3.7%.

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