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TheStreet Open House

Walgreens And Alliance Boots Continue To Advance Joint Vision With Appointment Of Richard Ashworth As Healthcare Director, Health & Beauty UK And Republic Of Ireland

Walgreen Co. (NYSE: WAG) (NASDAQ: WAG), the largest drugstore chain in the U.S., and Alliance Boots GmbH, a leading international pharmacy-led health and beauty group, today announced that Richard Ashworth, Walgreens Corporate Operations Vice President for the Western United States, has been appointed as Director of Healthcare, Health & Beauty UK and Republic of Ireland (ROI) at Alliance Boots. He will report to Simon Roberts, Managing Director, Health & Beauty UK and ROI.

In this new role, Ashworth will bring his extensive leadership and knowledge in health care and will work in close collaboration with the experienced teams in both countries, to lead the development and delivery of the health care strategy for Boots in the UK and ROI.

Greg Wasson, President and Chief Executive Officer of Walgreens, said, “Richard’s two decades of health care experience, leadership and service to Walgreens in a variety of roles has been invaluable to our company as we continued to develop our strategy to transform community pharmacy. His move to Alliance Boots represents yet another step forward and is further testament to the strong and steady progress we are making in advancing our strategic partnership.”

Stefano Pessina, Executive Chairman of Alliance Boots, said, “We are very pleased to welcome Richard to our Group. His appointment further illustrates the progress we continue to make towards achieving our vision for the creation of the first global health and wellbeing enterprise. As he familiarizes himself with the UK and Irish markets, Richard’s experience at Walgreens will bring positive benefits to Boots and the delivery of its health care plans, as well as help further combine best practices of our two companies.”

Ashworth’s appointment further contributes to the Walgreens and Alliance Boots strategic partnership, announced in June 2012, when the companies initiated a two-step process that would allow for the thoughtful integration of the two organizations. The convergence began at the end of 2012 with the establishment of a joint venture in Switzerland and the transition of key Walgreens and Alliance Boots executives to that entity, and continued with the appointment of Alex Gourlay, former Chief Executive of Alliance Boots Health & Beauty Division, as Walgreens Executive Vice President, President of Customer Experience and Daily Living, in August 2013.

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