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Wasson Walgreen CEO

This article was originally published in The Tan Sheet

Executive Summary

The drugstore chain promotes 29-year company veteran Gregory D. Wasson to CEO and a director effective Feb. 1. Wasson started out as a Walgreen pharmacy intern in 1980, eventually becoming president and chief operating officer in 2007, the Deerfield, Ill.-based company says Jan. 26. The CEO search committee praises Wasson's "breadth and depth of industry experience" in consumer marketing and retail operations. The new head will preside over a period in which Walgreens pledged to refocus on its core businesses and cut $1 billion from capital spending in the next three years. Former CEO Jeffrey A. Rein left the company in October 2008 after Walgreens' bid to acquire Longs Drug Stores failed (1"The Tan Sheet" Oct. 13, 2008, In Brief)

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