Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

US pharmacy chain Walgreens names Tim Wentworth as CEO

Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly
Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, N... Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly
Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly
Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, N... Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly

Listen to the article now

US pharmacy chain Walgreens names Tim Wentworth as CEO. Tim Wentworth has been named as the new chief executive of Walgreens Boots Alliance, a network of American pharmacies. He will start in his new position on October 23. After less than three years, Rosalind Brewer unexpectedly left her position as the firm’s CEO last month.

Without going into detail, Walgreens stated that Brewer’s resignation resulted from a mutual choice. This came after a tenure that saw the value of Walgreens’ stock virtually half as the firm attempted to expand its healthcare offering.

Wentworth will also join the WBA Board of Directors. He previously served as CEO of Cigna’s (CI.N) Evernorth division until his retirement in 2021.

Wentworth stated, “I think WBA is well-positioned to give more individualized, coordinated care and achieve better outcomes at a reduced cost.

By lowering the wage gap and expanding automation at fulfillment centers, Walgreens, which lost market share to competitors Rite Aid (RAD.N) and CVS Health (CVS.N) after shutting some locations during the epidemic, hopes to restore it by the end of the current fiscal year in 2023.

With the purchases of Summit Health, a supplier of urgent care services, and VillageMD, a provider of healthcare services, Walgreens has been attempting to diversify beyond its core business.

Contrary to expectations, Walgreens’ retail division’s same-store sales decreased by 0.2% in the third quarter, mostly due to slower COVID testing and weaker demand for cough and cold medications.


Comment Template

You May Also Like

Business

MSG Networks has returned to Optimum after a nearly two-month blackout, restoring Knicks and Rangers coverage for frustrated fans. The new deal places MSG...

Business

Alphabet has introduced **Premium Lite**, a lower-cost YouTube subscription offering ad-free videos (excluding music). This move aims to expand YouTube’s subscriber base and reduce...

Business

India has been named the best solo travel destination for 2025 by Kensington, thanks to its rich culture, history, and diverse experiences. From the...

Business

Warren Buffett's Berkshire Hathaway has aggressively sold stocks, amassing a record $334 billion in cash. Major divestments include Apple and Bank of America, while...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok