Shop Talk

Retailers, consumers and prices

Check Out Line: There’s a new guy in town (at Walgreen)

January 26, 2009

walgreenCheck out the new chief executive at Walgreen.

The drugstore chain confounded some investor expectations by staying in house and naming President Greg Wasson as its next CEO.

After looking for months at external candidates, it said Wasson will take over Feb. 1. The news was somewhat unexpected as Walgreen had hired a search firm and looked at several outside candidates. Some analysts had suggested Walgreen needed to bring in an outsider to shake things up.

Wasson, a former pharmacist with the Deerfield, Illinois-based chain, said he is planning to steer Walgreen through a recession that economists have told the company could last until the middle of 2010.

Also in the basket:

McDonald’s profit tops Wall Street view

Kimberly-Clark posts lower quarterly profit

Alberto Culver Q1 profit beats view; ups payout

FEATURE-U.S. retail cuts helped some inventory companies

(Photo\Reuters)

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •