chief executive officer Tim Wentworth Archives

WBA beats Q1 projections; cuts dividend

January 4, 2024 by MMR chief executive officer Tim Wentworth, first quarter, Stefano Pessina, Walgreens Boots Alliance (WBA) Featured Articles, Leading Headlines, Money, Retail News

DEERFIELD, Ill. — Walgreens Boots Alliance topped Wall Street’s expectations for first quarter sales and earnings, but slashed its quarterly dividend nearly in half. WBA cut its dividend to 25 cents per share from 48 cents per share, reducing the payout for the first time in nearly a decade. New CEO Tim Wentworth, who took

Layoffs follow Wentworth’s appointment as WBA chief executive

November 27, 2023 by MMR chief executive officer Tim Wentworth, Walgreens Boots Alliance, WBA Issue 11-27-2023

DEERFIELD, Ill. — New Walgreens Boots Alliance (WBA) chief executive officer Tim Wentworth has wasted little time in streamlining operations. The company this month laid off 267 corporate-level workers, including chief merchandising officer Luke Rauch. Those laid off represent 5% of WBA’s total corporate workforce and also included Robert Tompkins, group vice president and general