Stefano Pessina named CEO of Walgreens Boots Alliance

Walgreens Boots Alliance Inc., Deerfield, Ill., said its board of directors named Stefano Pessina CEO. Pessina had been serving as acting CEO since January; he will continue reporting to James Skinner, the company's executive chairman.

“In Walgreens Boots Alliance’s initial six months as a newly combined company, Stefano has done an extraordinary job leading the new enterprise, focusing our strategy while enhancing our financial performance,” Skinner said. “The integration of Walgreens and Alliance Boots is proceeding exceptionally well, with Stefano’s vision for the company driving the organization forward.

"Through his leadership, our organization is meeting the challenges of combining our two companies, and many of the opportunities we anticipated from our strategic combination are now becoming a reality. In order to continue this momentum and to recognize the progress that is already being made, the board concluded Stefano is the very best person to achieve our vision to be a truly global health care champion, the first choice for pharmacy, health care and wellbeing across the world,” he added.