Walgreens Names Starbucks COO Roz Brewer as CEO


Rosalind “Roz” brewer

Walgreens Boots Alliance said Tuesday it called pink brewer, the outgoing Chief Operating Officer of Starbucks, as the company’s chief executive officer.

brewer will take office on March 15th. She will succeed Stefano Pessina, who will take on the role of chairman of the board of directors of Walgreens, the drugstore chain said in a statement.

Following the merger of Walgreens and Alliance Boots in December 2014, Pessina was CEO of the company for six years. Walgreens announced in July that Pessina would be stepping down.

Pessina will replace James Skinner as Executive Chairman of Walgreens in March. Skinner will remain on the board as a non-executive director to facilitate a change in leadership, the company said.

Before he came to Starbucks brewer was President and CEO of Sam’s Club, a unit of Walmart Inc, where she worked from 2012 to 2017.

Walgreens shares rose up to 9% in post-market expanded trading.

Starbucks said that the previous Tuesday brewer would be leaving next month to take on a position as chief executive officer of another company. Her appointment at Walgreens was first reported by the Wall Street Journal.

(Reporting by Kanishka Singh in Bengaluru; Editing by Chris Reese)

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