Drugstore chain Walgreens Boots Alliance Inc. named Tim Wentworth as its new chief government Tuesday evening.
Wentworth — the previous CEO of pharmacy-benefits supervisor Express Scripts — first introduced the news in interviews with the Wall Street Journal and Bloomberg News.
In assertion Tuesday evening, Walgreens
WBA,
confirmed his appointment, efficient Oct. 23. Wentworth may also be part of Walgreens’ board of administrators.
“He is an accomplished and respected leader with profound expertise in the payer and pharmacy space as well as supply chain, IT and human resources,” Walgreens Executive Chairman Stefano Pessina stated in an announcement. “We are confident he is the right person to lead WBA’s next phase of growth into a customer-centric healthcare company.”
After promoting Express Scripts to Cigna Group
CI,
Wentworth led that firm’s Evernorth health-services group.
“I’ve spent my career working to improve the health of the patients we’ve served,” Wentworth stated in an announcement. “I believe WBA is well-positioned to deliver more personalized, coordinated care, and achieve better outcomes at a lower cost.”
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 advised the Associated Press that workers had been overworked and short-staffed, and threatened extra walkouts on the finish of the month if their complaints usually are not addressed by administration.
Walgreens inventory is buying and selling close to its lowest level since 1998, and has plunged 40% 12 months up to now.
Source web site: www.marketwatch.com
