The CEO of Walgreens Boots Alliance, Rosalind Brewer, made her resignation official. According to ABC 7 Chicago, the Illinois-based company verified the news on Friday and said that the CEO and the board of directors reached a consensus over her resignation, which became effective on Thursday.
Brewer will continue to serve as an advisor until a replacement is found. Up until a new CEO is hired by the business, Ginger Graham will assume the position of interim CEO. Stefano Pessina, the company’s executive chairman, released a statement in which he stated:
“I am grateful to have had the opportunity to lead Walgreens Boots Alliance and to work alongside such talented and dedicated colleagues. I am confident that WBA is on track to be a leading consumer-centric healthcare company, serving thousands of communities across the country.”
Rosalind Brewer’s net worth.
Over the years, Rosalind Brewer has held a variety of positions in several prestigious businesses. Her estimated net worth, as of March 2023, was $21 million, per Wallmine. Brewer joined Kimberly-Clark after receiving her degree from Spelman College and served as the company’s president for production and operations. After around 22 years with the organization, she was later given a promotion to the position of worldwide president.
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She started working at Walmart in 2006 and has since held several positions, including vice president, senior vice president, and executive vice president. She stayed with the business until 2012, at which point she joined Sam’s Club and worked there till 2017. In 2017, Rosalind was then welcomed as a member of Starbucks’ board of directors. Before joining Amazon’s board of directors in 2019, she previously served as the company’s COO.
Rosalind Brewer joined Walgreens Boots Alliance in 2021
Online rumours about Brewer joining the Walgreens Boots Alliance (WBA) first appeared in March 2021. Mellody Hobson, the president and co-CEO of Ariel Investments, tweeted about the development and stated:
“Congratulations to my corporate sister Roz Brewer on being named the new CEO of WBA. Another glass ceiling shattered today!”
A related tweet about this topic is mentioned below:
Congratulations to my corporate sister Roz Brewer on being named the new CEO of @WBA_Global. She is soon-to-be the only Black woman CEO of a Fortune 500 company. Another glass ceiling shattered today! pic.twitter.com/fUGwNR1sUB
— Mellody Hobson (@MellodyHobson) January 27, 2021
On March 15, 2021, it was announced that Rosalind Brewer would succeed Stefano Pessina as the company’s CEO. She was chosen for the position, according to Walgreens Boots Alliance, because of her “relentless focus on the customer, talent development, and expertise in digital transformation.” Following the announcement of Brewer’s appointment, Walgreens’ shares increased. She was the only Black woman running a Fortune 500 corporation at the time.
Trading Performance of Rosalind G. Brewer
Rosalind G. Brewer’s stock performance is monitored by GuruFocus following each of her purchases over several time intervals. To be specific, Rosalind G. Brewer purchased equities that, after three months, had an average return of 3.83%. Rosalind G. Brewer’s trading results are contrasted with the market benchmark return during the same period by GuruFocus.
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When compared to the return of the S&P 500 over the same period, the performance of the equities Rosalind G. Brewer purchased within three months outperforms it twice out of every two transactions. To compare Rosalind G. Brewer’s insider trading results to the benchmark, choose different timeframes.
WBA stock SEC Form 4 insider trading by Ms Brewer
According to Form 4 submitted to the SEC, Ms. has traded the stock of Walgreens Boots Alliance Inc. more than eight times since 2012. On March 29, 2023, she most recently purchased 10,000 shares of WBA stock for $339,500.
Her largest transaction was the sale of 32,350 shares of Walgreens Boots Alliance Inc. on January 5, 2017, for a total value of over $2,210,152. Since 2008, Ms. has traded 768 units every 36 days on average. She still held at least 369,945 units of Walgreens Boots Alliance Inc. stock as of March 29, 2023.