Walgreens Boots Alliance has started a search for a new chief executive.
In a move that caught the industry by surprise, Rosalind Brewer has stepped down as CEO of Walgreens, effective as of Aug. 31, after less than three years on the job. The decision was mutual, according to a company news release. She also left the company’s board.
Walgreens said that Brewer will continue to advise the company while it searches for a new CEO with “deep healthcare experience.” Ginger Graham, lead independent director, has been appointed interim chief. Graham previously served as CEO of Amylin Pharmaceuticals and, prior to that, was group chairman, office of the president, for cardiology medical technology company Guidant Corporation. She started her career at Eli Lilly and Company.Chain Store Age