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Stefano Pessina

Ashworth named president of Walgreens

Ashworth named president of Walgreens

DEERFIELD, Ill. — Richard Ashworth has been named president of the Walgreens drug chain, the largest component of Walgreens Boots Alliance (WBA). In his new role, Ashworth, a 28-year Walgreens veteran, succeeds Alex Gourlay, who remains WBA’s co-chief operating officer and continues to oversee the Walgreens and Boots businesses. Ashworth will be responsible for developing

WBA first quarter results miss projections

WBA first quarter results miss projections

DEERFIELD, Ill. — Walgreens Boots Alliance’s first quarter results fell short of Wall Street’s forecast. Stefano Pessina Adjusted earnings per share for the period ended November 30 were $1.37, while analysts had projected $1.41. Adjusted net earnings slid 11.8% to $1.2 billion, down 11.6% on a constant currency basis, from the year-ago period. Revenue also

Health Foundation honors Pessina

NEW YORK — Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), was honored recently by the American-Italian Cancer Foundation (AICF), which presented him with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. Among those honoring Pessina at the foundation’s Benefit Dinner and Auctions

American-Italian Cancer Foundation honors Stefano Pessina

American-Italian Cancer Foundation honors Stefano Pessina

NEW YORK – The American-Italian Cancer Foundation (AICF) presented Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. AICF, a New York nonprofit supporting cancer research and early detection, honored Pessina at the organization’s Benefit

WBA has “most difficult quarter” in its history

WBA has “most difficult quarter” in its history

DEERFIELD, Ill. — Promising an aggressive response to “the most difficult quarter” Walgreens Boots Alliance Inc. has had since its creation, executive vice chairman and CEO Stefano Pessina said the company will make “a number of senior appointments,” among other changes. Stefano Pessina Pessina made the comments in response to a 14.3% drop in second

WBA, Microsoft partner to transform health care

WBA, Microsoft partner to transform health care

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will combine the power of Microsoft Azure, Microsoft’s cloud and AI platform, health care investments, and new retail solutions with WBA’s

Walgreens Boots Alliance posts 2Q gains

Walgreens Boots Alliance posts 2Q gains

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) reported better-than-expected earnings and revenue on Wednesday when it announced results for the second quarter of fiscal 2018, which ended February 28. Overall, WBA earned $1.73 a share, up 27% versus a year ago. Revenue grew 12.1% to $33.02 billion. Same-store sales rose 2.4%, with comparable-pharmacy sales up

President Trump meets with retail CEOs

President Trump meets with retail CEOs

WASHINGTON — Promoting his economic platform with business leaders, President Donald Trump today met with top retail executives at the White House. Focusing on Trump’s plank of job creation, simplification of the tax code and reduced regulatory red tape, the Wednesday morning meeting was a scheduled event with the Retail Industry Leaders Association (RILA). The

These retail execs stand out

These retail execs stand out

Who are the outstanding retail executives of the year? In years past, this determination would be a difficult task, because so many capable executives would be in contention. This year, not so much — not, at least, if individual success is measured by the success of the company. As we’ve pointed out, 2016 will not

WBA beats Wall Street’s 4Q, full-year earnings forecast

WBA beats Wall Street’s 4Q, full-year earnings forecast

DEERFIELD, Ill. — As talks roll on to gain regulatory clearance for its acquisition of Rite Aid Corp., Walgreens Boots Alliance (WBA) posted adjusted earnings for its fiscal 2016 fourth quarter and full year that topped Wall Street’s estimates. WBA said Thursday that GAAP net earnings attributable to Walgreens Boots Alliance totaled $1.03 billion, or