On Thursday, Walgreens Boots Alliance (WBA.O) announced that Chief Financial Officer James Kehoe will be leaving the company in the middle of August to pursue a new opportunity in the technology industry.
While it searches for a permanent replacement, the business has appointed Manmohan Mahajan, who joined the company in 2016 and was formerly the global controller at the pharmacy chain, to serve as interim global finance chief.
Since acquiring healthcare service company VillageMD and urgent care provider Summit Health, one of the largest pharmacies in the United States, Walgreens, has been attempting to broaden its scope.
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After losing market share to competitors due to shop closures during the pandemic, the firm plans to reclaim some of that ground by the end of the fiscal year 2023 through measures such as bridging the wage gap and boosting automation in distribution centers.
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