Brewer’s exit was announced a little over a month after the company’s chief financial officer, James Kehoe, left to become a finance chief at the technology firm FIS.Īs Walgreens leans more into the health care business, it faces several hurdles, industry experts said. Brewer said that she was proud of what she had accomplished and that the company was “on track to be a leading consumer-centric health care company.” Quotable: ‘The worst time’ for an executive departure. In addition to opening more doctors’ offices inside Walgreens stores, she oversaw the complicated rollout of the Covid-19 vaccine at pharmacies and enforcement of pandemic safety standards within stores. Brewer was the chief operating officer of Starbucks and previously served as chief executive of Sam’s Club, a division of Walmart. Brewer’s forte.”īefore joining Walgreens, Ms. “While the wisdom of this move is debatable, health care is not Ms. health care sector,” Neil Saunders, managing director of GlobalData, said in an email. “The group, which previously grew through various pharmacy acquisitions, is now looking to consolidate and focus its efforts on the U.S. The company said its profit this year would be “at or near the low end” of its forecasts. The company’s shares sank further on Friday, dropping to near a 14-year low. Walgreens has been shifting away from pharmacy and retail to focus more on health care services, with mixed results. ![]() Why It Matters: A messy pivot from pharmacy to health services.
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