Summary by Moomoo AI
Walgreens Boots Alliance, Inc. (WBA) announced significant leadership changes on February 8, 2024, as part of its strategy to expand its healthcare services. Manmohan Mahajan has been appointed as the Executive Vice President and Global Chief Financial Officer, effective March 1, 2024, after serving in an interim role since July 2023. Mahajan's promotion includes a substantial compensation package with a base salary, annual bonus, long-term incentive awards, and a special one-time promotional restricted stock unit award. Concurrently, Todd Heckman has been promoted to Senior Vice President, Global Controller and Chief Accounting Officer, also effective March 1, 2024. Heckman's promotion comes with a revised compensation package including salary, bonus, and long-term incentives. Additionally, the company announced the retirement of John Driscoll, Executive Vice President and President, U.S. Healthcare, effective around April 1, 2024. Driscoll is expected to enter a consulting agreement with WBA following his retirement. These executive changes are part of CEO Tim Wentworth's efforts to solidify the leadership team and position the company for accelerated growth and profitability in the healthcare sector.