Pharmacy Chain Operator Walgreens' CEO Rosalind Brewer Steps Down, Stock Down Over 45% Since Her Appointment
Portfolio Pulse from Vandana Singh
Walgreens Boots Alliance Inc's CEO, Rosalind Brewer, has agreed to step down as CEO and board member as of August 31, 2023. The board has appointed Ginger Graham, the current Lead Independent Director of WBA, as the interim CEO. Walgreens' shares have lost about 47% of their value since March 2021. The company expects FY23 adjusted EPS to be at or near the low end of its previously stated range.
September 01, 2023 | 12:38 pm
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Walgreens CEO Rosalind Brewer's departure could lead to uncertainty in the company's leadership. The company's shares have been on a downward trend, losing 47% of their value since March 2021. The company's FY23 adjusted EPS is expected to be at the lower end of its previously stated range.
CEO departures often lead to uncertainty in a company's leadership and strategy, which can negatively impact the stock price. Additionally, Walgreens' shares have been on a downward trend, losing 47% of their value since March 2021. The company's FY23 adjusted EPS is expected to be at the lower end of its previously stated range, indicating potential financial challenges.
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