Walgreens CEO Roz Brewer Resigns After Two-Year Tenure

Walgreens CEO Roz Brewer has stepped down from her position, as well as from the company's board, in a mutual decision. The company's shares have been struggling, down over 32% this year, due to a drop in demand for Covid testing and vaccines, as well as competition from retailers like Walmart and Amazon. Brewer, who had led Walgreens since March 2021, aimed to position the company as a healthcare provider rather than just a pharmacy chain. However, her skillset did not align with the company's goals, leading to her departure. Walgreens will now search for a replacement with deep healthcare experience.