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In Brief: Walgreen's

This article was originally published in The Tan Sheet

Executive Summary

Walgreen's: President and Chief Operating Officer Daniel Jorndt will assume additional title of CEO, effective in January. CEO Charles Walgreen will retire as chief at that time after 45 years with the drug store chain. He retains his title as chairman. Under Walgreen's watch as CEO, which began in 1971, the chain grew to 2,268 stores from 618 and had 1996 sales of almost $12 bil. compared to $800 mil. Jorndt joined Walgreen's in 1963 and became president and chief operating officer in 1990...
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