Walgreens Boots Alliance to Name Starbucks Executive Its CEO: Report

Walgreens Boots Alliance to Name Starbucks Executive Its CEO: Report

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Departing Starbucks COO Roz Brewer would replace Stefano Pessina at Walgreens.


AFP via Getty Images


Walgreens Boots Alliance

will name a departing

Starbucks

executive its new CEO, The Wall Street Journal reported late Tuesday, citing people familiar with the matter.

Earlier Tuesday, the coffee chain announced that Chief Operating Officer Roz Brewer was leaving the company to serve as CEO of an undisclosed publicly traded company at the end of February. Brewer would replace Stefano Pessina at Walgreens, who would become executive chairman, according to the report.

Shares of Walgreens Boots Alliance rose more than 7% in the extended session after ending the regular trading day up 2.9%. Starbucks shares were off 1.4% in after hours trading.

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