Leadership Shake-Up at Walgreens as CEO Rosalind Brewer Resigns

Walgreens Boots Alliance CEO Rosalind Brewer has stepped down from her position after less than three years, with the company citing a mutual agreement. The board has appointed Ginger Graham as interim CEO while they search for a permanent replacement. Walgreens has been facing challenges, including a decline in consumer spending and demand for Covid vaccines, leading to a 32% drop in shares this year. Under Brewer's leadership, the company implemented cost-saving measures such as store closures and job cuts. Walgreens is also experimenting with new store formats to address issues like shoplifting.