Stefano Pessina, Executive Chairman of Alliance Boots, commented, “Following last year’s announcement of our strategic partnership, Alliance Boots and Walgreens have already made good progress in paving the way for the creation of the first global health and wellbeing enterprise. Today’s announcement is further proof of our strong pace and momentum. Alex’s contribution to the success of Alliance Boots and its Health & Beauty Division has been invaluable. I am convinced that he will also make a huge difference in advancing the Walgreens/Alliance Boots strategic partnership, sharing his leadership and experience in driving excellent customer care and developing innovative product and service offerings. As a trusted pharmacy brand with a strong heritage, Walgreens consumer profile in the U.S. is remarkably similar to Boots in the U.K. We expect that further reciprocal appointments will follow over time as we increasingly work closely together.”In June 2012, when Walgreens and Alliance Boots announced their strategic partnership, the companies highlighted the opportunity to bring together their strengths and expertise, expand their range of innovative, cost-effective products and services for patients and customers, and create an unparalleled portfolio of retail and business brands including Walgreens, Duane Reade, Boots, and Alliance Healthcare. In October 2012, Walgreens and Alliance Boots announced the establishment of a jointly owned company, called Walgreens Boots Alliance Development GmbH, based in Bern, Switzerland.
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