Drugstore chain Walgreens Boots Alliance Inc. named Tim Wentworth as its new chief govt Tuesday evening.
Wentworth — the previous CEO of pharmacy-benefits supervisor Specific Scripts — first introduced the information in interviews with the Wall Avenue Journal and Bloomberg Information.
In assertion Tuesday evening, Walgreens
WBA,
confirmed his appointment, efficient Oct. 23. Wentworth may even be a part of Walgreens’ board of administrators.
“He’s an achieved and revered chief with profound experience within the payer and pharmacy house in addition to provide chain, IT and human assets,” Walgreens Govt Chairman Stefano Pessina mentioned in a press release. “We’re assured he’s the correct particular person to guide WBA’s subsequent section of progress right into a customer-centric healthcare firm.”
After promoting Specific Scripts to Cigna Group
CI,
Wentworth led that firm’s Evernorth health-services group.
“I’ve spent my profession working to enhance the well being of the sufferers we’ve served,” Wentworth mentioned in a press release. “I imagine WBA is well-positioned to ship extra personalised, coordinated care, and obtain higher outcomes at a decrease price.”
In September, Roz Brewer stepped down as Walgreens’ CEO after about two and a half years. That adopted the shock departure of the corporate’s chief monetary officer in August.
Earlier Tuesday, some Walgreens pharmacy staff walked off the job to protest their working situations. The organizer of the walkout informed the Related Press that staff had been overworked and short-staffed, and threatened extra walkouts on the finish of the month if their complaints will not be addressed by administration.
Walgreens inventory is buying and selling close to its lowest level since 1998, and has plunged 40% yr so far.
