Walgreen Establishes Deal with Alliance, Sees $100-150M in Synergies in Year 1

Walgreens WAG WAG today announced several new senior management roles as the company works closely with Alliance Boots to execute the companies' strategic partnership to create the first global pharmacy-led, health and wellbeing enterprise. “These new roles will allow us to move forward aggressively, working closely together with Alliance Boots, to implement our strategic partnership and realize the extensive synergies from the acquisition, as well as accelerate our core growth strategies to achieve our purpose to help people get, stay and live well,” Walgreens President and Chief Executive Officer Greg Wasson said. “The changes also reflect Walgreens high level of confidence in our senior management team, with a mix of internally and externally developed talent, to execute the strategic partnership with Alliance Boots and major initiatives across the company efficiently and effectively.”