Wasson Walgreen CEO
This article was originally published in The Tan Sheet
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)
You may also be interested in...
Walgreens withdraws its proposed purchase of all outstanding shares of Longs Drug Stores Corp. in light of the Longs' board's decision to accept the tender offer made by CVS/Caremark, Walgreens CEO Jeffrey A. Rein says in an Oct. 8 letter. Walgreens' offer of $75 per share was rejected by Longs in September (1"The Tan Sheet" Sept 22, 2008, In Brief). Rein announced Oct. 10 he was leaving after 26 years with the company, effective immediately. The Deerfield, Ill.-based company named Alan G. McNally, lead director of its board, as chairman and acting CEO
Sun Pharma’s founder and MD shares with Scrip his views on some key big picture issues, including leveraging pandemic-related regulatory experience for urgently needed products, expectations in the US market, the outlook for M&A, and the potential of e-pharmacies in India.
India is allowing importers and manufacturers of certain devices – for whom new licensing requirements came into effect on 1 January – to continue marketing their products for six months if they have already applied for a license. See what Rajiv Nath from the Association of Indian Medical Device Industry (AiMeD) said about it here.