Bulletin: Walgreens Boots Alliance Inc.'s New CEO Should Strengthen The Company's Retail Strategy

NEW YORK (S&P Global Ratings) Jan. 27, 2021—S&P Global Ratings today said Walgreens Boots Alliance Inc. (BBB/Negative/A-2) announced it has appointed Rosalind Brewer as CEO, effective March 15, 2021. We believe this will allow Walgreens to focus on shifts in the sector, particularly in areas we think it is lagging its competitors (such as CVS Health Inc). Brewer will succeed Stefano Pessina, who is transitioning to the role of Executive Chairman of the company's Board of Directors. The new CEO has experience in the consumer and retail sectors (she is currently COO of Starbucks) and comes to Walgreens at a time when the retail pharmacy sector is undergoing rapid changes. These include a greater focus on in-store health care offerings,

...January 27, 2021 NEW YORK (S&P Global Ratings) Jan. 27, 2021--S&P Global Ratings today said Walgreens Boots Alliance Inc. (###/Negative/A-2) announced it has appointed Rosalind Brewer as CEO, effective March 15, 2021. We believe this will allow Walgreens to focus on shifts in the sector, particularly in areas we think it is lagging its competitors (such as CVS Health Inc). Brewer will succeed Stefano Pessina, who is transitioning to the role of Executive Chairman of the company's Board of Directors. The new CEO has experience in the consumer and retail sectors (she is currently COO of Starbucks) and comes to Walgreens at a time when the retail pharmacy sector is undergoing rapid changes. These include a greater focus on in-store health care offerings, digitalization efforts, and customer loyalty. We will closely monitor any strategy changes under Brewer, with a particular focus on whether Walgreens engages in acquisitions or more aggressive shareholder initiatives. For our latest credit...

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