Walgreens Appoints Timothy R. McLevish to Succeed Wade Miquelon as Executive Vice President and Chief Financial Officer
August 04 2014 - 8:15AM
Business Wire
- World-class chief financial officer
brings significant U.S. and global experience in finance and
business strategy, including:
- Guided successful mergers and
acquisitions through integration process and value creation for
shareholders
- Served in senior finance and executive
positions at leading consumer products and industrial
companies
- Will help advance Walgreens
transformation for new century of global growth and value creation
through its strategic partnership with Alliance Boots
- Succeeds Walgreens executive vice
president, chief financial officer and president of international
Wade Miquelon, who played central role in company’s global
expansion strategy; Miquelon to continue as advisor to assist
company with transition
Walgreens (NYSE:WAG) (NASDAQ:WAG) today announced the
appointment of Timothy McLevish as Walgreens executive vice
president and chief financial officer. He will report to president
and chief executive officer Greg Wasson, effective immediately, and
lead all of Walgreens finance functions as the company prepares to
move forward with the proposed second step of its strategic
partnership with Alliance Boots.
New Walgreens Chief Financial Officer Tim
McLevish (Photo: Business Wire)
McLevish comes to Walgreens from Kraft Foods Group, Inc., one of
North America’s largest consumer packaged food and beverage
companies, where he most recently served as executive vice
president and chief financial officer. Prior to Kraft, he served in
chief financial officer roles for Ingersoll-Rand, the diversified
industrial company, and Mead Corporation, a forestry products
company. McLevish also served in a leadership role at Zellerbach
Paper Company, where he was vice president and general manager. He
is a graduate of the University of Minnesota with a bachelor’s
degree in accounting and economics, and also earned a master’s
degree in business administration from Harvard University.
“We are pleased to welcome Tim to lead our financial operations
into the next chapter of Walgreens ongoing transformation as we
continue to accelerate our strategic growth drivers, expand
globally with Alliance Boots and prepare to embark on our journey
to create the first global pharmacy-led, health and wellbeing
enterprise,” said Greg Wasson, Walgreens president and chief
executive officer. “With Tim on our senior management team,
Walgreens and Alliance Boots will benefit not only from his deep
and rich experience in the consumer products market, but also from
his experience in bringing together companies to ensure efficient,
effective and profitable growth and value creation.”
“It is a privilege to join such an admirable company, especially
at this exciting and pivotal time as Walgreens expands to become a
global enterprise,” McLevish said. “I look forward to helping Greg
and the team achieve the company’s important mission and carry out
their remarkable vision to expand health and wellbeing across
America and around the world for the benefit of customers,
patients, health care partners and shareholders.”
McLevish succeeds Wade D. Miquelon, executive vice president,
chief financial officer and president of international for
Walgreens, who will continue as an advisor to assist the company
with the transition as it considers the exercise of Step 2 of its
strategic partnership with Alliance Boots. Miquelon also will move
forward to pursue several new opportunities outside of the
company.
“Wade's remarkable leadership, strategic vision and expertise
played a critical role in helping Walgreens transition and
transform from a 20th century American drugstore chain into a 21st
century global health and wellbeing enterprise, setting the stage
for a new generation of growth and value creation for all,” Wasson
said. “Wade has been a strong contributor as together we charted
and pursued a bold new course for Walgreens globally. We know Wade
can’t resist a new challenge, so we thank him and wish him the very
best as he moves forward with the next chapter of his outstanding
career.”
“It’s been one of the greatest privileges and pleasures of my
career to help Greg and the team to bring this iconic American
company to the brink of becoming a fully global health and
wellbeing enterprise to serve the world,” Miquelon said. “This
truly has been an incredible journey and chance to serve. Now that
we are preparing to move forward with bringing together these two
iconic brands, it’s the right time for me to transition to new
challenges and new opportunities. I know Tim will bring tremendous
experience and insight to this exceptional company and continue to
grow and develop an outstanding finance and accounting
organization.”
Miquelon joined Walgreens in June 2008 as senior vice president
and chief financial officer, and was promoted to executive vice
president in 2009. In 2012, following his leadership in
establishing Walgreens strategic partnership with Alliance Boots in
June of that year, Miquelon assumed an expanded and global
leadership role as executive vice president, chief financial
officer and president, international, and joined the board of
Alliance Boots. As he continued to lead Walgreens finance functions
as chief financial officer, Miquelon also served as Wasson’s senior
leader in collaborating with the Alliance Boots management team to
execute the new global strategic partnership.
Among many other achievements at Walgreens, Miquelon played a
central role in launching and advancing the Walgreens-Alliance
Boots strategic partnership. In March 2013, Miquelon also led the
establishment of the Walgreens-Alliance Boots strategic, long-term
relationship with AmerisourceBergen of Valley Forge, Penn., to
streamline the distribution of pharmaceuticals and leverage global
supply chain efficiencies.
About Walgreens
As the nation's largest drugstore chain with fiscal 2013 sales
of $72 billion, Walgreens (www.walgreens.com) vision is to be the
first choice in health and daily living for everyone in America,
and beyond. Each day, in communities across America, more than 8
million customers interact with Walgreens using the most
convenient, multichannel access to consumer goods and services and
trusted, cost-effective pharmacy, health and wellness services and
advice. Walgreens scope of pharmacy services includes retail,
specialty, infusion, medical facility and mail service, along with
online and mobile services. These services improve health outcomes
and lower costs for payers including employers, managed care
organizations, health systems, pharmacy benefit managers and the
public sector. The company operates 8,215 drugstores in all 50
states, the District of Columbia, Puerto Rico and the U.S. Virgin
Islands. Walgreens digital business includes Walgreens.com,
drugstore.com, Beauty.com, SkinStore.com and VisionDirect.com. Take
Care Health Systems is a Walgreens subsidiary that manages more
than 400 in-store convenient care clinics throughout the
country.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140804005277/en/
WalgreensMichael Polzin,
847-315-2920http://news.walgreens.com@WalgreensNewsfacebook.com/Walgreens
West Africa Gold (NASDAQ:WAGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
West Africa Gold (NASDAQ:WAGI)
Historical Stock Chart
From Jul 2023 to Jul 2024