Walgreens names Tim Wentworth as its new CEO – WSJ

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Last month, Rosalind Brewer had abruptly stepped down from the position after less than three years at the top job.

Brewer’s departure was part of a mutually agreed decision, Walgreens had said, without providing further details, after a tenure that saw Walgreens’ share price nearly halve in value as the company tried to broaden its reach as a healthcare provider.

The company named lead independent director Ginger Graham as interim chief as it searches for a permanent replacement.

Wentworth was the CEO of Cigna (NYSE:CI)’s Evernorth unit till he retired in 2021.

Walgreens did not immediately respond to a Reuters request for comment.