Walgreens announced it had recruited a Starbucks official to be its new chief executive officer. It was revealed that Rosalind Brewer will be stepping up as the pharmacy store chain’s chief.
With her assignment in Walgreens, Brewer has become the only black woman to lead the second-largest pharmacy chain company in the U.S. As per the Associated Press; she will begin working as the firm’s CEO starting March 15.
Rosalind Brewer deemed to be the perfect person for the role
Brewer is still working in Starbucks as its chief operating officer, and she will be maintaining her role until February. Since she is set to leave the coffee chain company, Starbucks already announced her exit earlier this week.
"I am excited to work alongside the entire Walgreens Boots Alliance team as we deliver further innovation and positively impact the lives of millions of people around the world every day," CNN News quoted Brewer as saying in a statement. "This is especially true today as the company plays a crucial role in combatting the COVID-19 pandemic."
Rosalind Brewer will be taking over the CEO job from Stefano Pessina, who has been with Walgreens for six years. He started working for the company a year after Walgreens merged with Alliance Boots in 2014.
Then again, he will not be completely leaving the firm but will instead be the new executive chairman of Walgreens Boots Alliance Inc.’s board. He also said that Brewer is the perfect choice to replace him as he praised his successor’s expertise in operations, talent development, and customer relations.
"It's really great to see her in this position," Lorraine Hariton, President and CEO of Catalyst, a nonprofit research group, further said about Brewer’s assignment. "We are definitely accelerating the number of women CEOs, period, in the Fortune 500."
About Rosalind Brewer
Rosalind Brewer is currently Starbucks’ COO, and she took the role in 2017. CNBC reported that she is also a board member of Amazon Pharmacy, an online pharmacy that is a subsidiary of Amazon.com.
She also worked as the director of Lockheed Martin and Molson Coors Beverage. Finally, the new Walgreens CEO was also the president and chief of Sam's Club Pharmacy. With this position, she became the first woman and first African American to manage a Walmart subsidiary.


OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised
OpenAI Tightens AI Safety Monitoring After Security Incidents
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate
Standard Chartered Expands Hedge Fund Access for Wealth Clients
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback
Shein Targets $26B-$27B Valuation for Hong Kong IPO
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Coty Revenue Beats Estimates as Beauty Demand Holds Firm
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 



