Kehoe previously served as chief financial officer and board director
of Takeda Pharmaceutical Company Limited.
Kehoe takes over from George Fairweather, who played a key role in the
Walgreens-Alliance Boots merger and subsequent integration and
development, and has decided to step down after a combined 16 years in
the senior finance leadership position in Walgreens Boots Alliance and
Fairweather to serve as senior advisor to CEO Stefano Pessina for
business development and finance, and as part of this role help ensure
the smooth transition of financial operations.
DEERFIELD, Ill.--(BUSINESS WIRE)--
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the
appointment of James Kehoe, recently chief financial officer and board
director of Takeda Pharmaceutical Company Limited, as the company's
executive vice president and global chief financial officer, effective
June 1. He will be based at the company's headquarters in Deerfield, Ill.
Kehoe will succeed George Fairweather, who has served as Walgreens Boots
Alliance global chief financial officer since February 2015. Fairweather
has been instrumental in the formation of Walgreens Boots Alliance, the
subsequent integration of the legacy companies, the new enterprise's
major cost-transformation program and the establishment of the combined
global financial organization.
Fairweather will become a senior advisor to Chief Executive Officer
Stefano Pessina for business development and finance, also effective
Kehoe has been chief financial officer of Takeda Pharmaceutical since
June 2016 and was based in Tokyo, reporting directly to the company's
president and CEO. He was appointed to the Takeda Pharmaceutical board
of directors in June 2017. Kehoe is an accomplished finance executive
from the consumer goods sector and a strong business leader with a track
record of driving operational business performance. He joined Takeda
Pharmaceutical from Kraft Foods Group in the U.S., where he last held
the role of executive vice president, chief financial officer. Prior to
that, he held a number of finance-related positions over 25 years with
assignments based in Ireland, Germany, Italy, U.S., Austria, Switzerland
"We are pleased to welcome James Kehoe to lead the Walgreens Boots
Alliance global finance operations as the company now moves into our
exciting future as a global leader in health and wellbeing," said Jim
Skinner, Walgreens Boots Alliance executive chairman. "His significant
leadership experience in both health care and consumer goods makes him
an exceptional fit and addition to Stefano Pessina's senior executive
team and the company.
"On behalf of the board, I also wish to thank George Fairweather for his
steady and skilled leadership as he played a central role in the
successful merger and integration of Walgreens Boots Alliance, and in
building our global financial group," Skinner said. "We are pleased that
George will continue to serve the company by providing his experience
and expertise as a senior advisor to Stefano."
Pessina said, "We are excited to have another world-class chief
financial officer join Walgreens Boots Alliance and the senior
management team to follow George. James's extensive experience in
finance in the pharma-related health care and consumer goods sectors, as
well as helping ensure optimal business performance, will be
instrumental as we move to the next phase of our long-term strategy for
growth and value creation.
"After working and collaborating for over 16 years with George going
back to Alliance UniChem, I want to extend my personal heartfelt
appreciation for his invaluable leadership, counsel and significant
contributions to our enterprise. He was indispensable to the formation
of Alliance Boots and the successful creation of Walgreens Boots
Alliance. Over the past three years, George has led key integration
efforts, the successful cost-transformation program and the
establishment of an outstanding global financial team and function.
"As we thank him for his service and contributions, I am also grateful
that George will be providing advice and counsel to me and the company
in a senior advisory role. His knowledge and experience with the company
from its inception will continue to be invaluable going forward."
Fairweather said, "Working and collaborating with Stefano over the years
and helping to establish Walgreens Boots Alliance has been the
opportunity of a lifetime. Stefano is a true visionary who is changing
our industry for the better, and I appreciate the opportunity to
continue providing advice and counsel to him and WBA."
Kehoe said, "I believe there is no more important company at the
junction of health care and retail than Walgreens Boots Alliance, and I
am excited to be joining the team at such a pivotal moment in the
company's continuing transformation. Moving forward, I appreciate that
George will continue serving in an advisory role to help ensure a smooth
transition and further success for the company."
Cautionary Note Regarding Forward-Looking Statements: All statements
in this release that are not historical are forward-looking statements
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are not
guarantees of future performance or outcomes and involve risks,
assumptions and uncertainties, including those described in Item 1A
(Risk Factors) of our Form 10-K for the fiscal year ended August 31,
2017, and our Form 10-Q for the fiscal quarter ended November 30, 2017,
each of which is incorporated herein by reference, and in other
documents that we file or furnish with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially. These forward-looking statements speak only
as of the date they are made. Except to the extent required by law, we
do not undertake, and expressly disclaim, any duty or obligation to
update publicly any forward-looking statement after the date of this
release, whether as a result of new information, future events, changes
in assumptions or otherwise.
Notes to Editors:
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led,
health and wellbeing enterprise. The company's heritage of trusted
health care services through community pharmacy care and pharmaceutical
wholesaling dates back more than 100 years.
Walgreens Boots Alliance is the largest retail pharmacy, health and
daily living destination across the U.S. and Europe. Walgreens Boots
Alliance and the companies in which it has equity method investments
together have a presence in more than 25* countries and employ more than
385,000* people. The company is a global leader in pharmacy-led, health
and wellbeing retail and, together with the companies in which it has
equity method investments, has more than 13,200* stores in 11* countries
as well as one of the largest global pharmaceutical wholesale and
distribution networks, with more than 390* distribution centers
delivering to more than 230,000** pharmacies, doctors, health centers
and hospitals each year in more than 20* countries. In addition,
Walgreens Boots Alliance is one of the world's largest purchasers of
prescription drugs and many other health and wellbeing products.
The company's portfolio of retail and business brands includes
Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as
increasingly global health and beauty product brands, such as No7, Soap
& Glory, Liz Earle, Sleek MakeUP and Botanics.
More company information is available at www.walgreensbootsalliance.com.
* As of 31 August 2017, using publicly available information for
** For 12 months ending 31 August 2017, using publicly available
information for AmerisourceBergen
View source version on businesswire.com: http://www.businesswire.com/news/home/20180308005267/en/
Walgreens Boots Alliance, Inc.
Michael Polzin, +1 847-315-2935
International / Laura
Vergani, +44 (0)207 980 8585
Gradwell and Ashish Kohli, +1 847-315-2922
Source: Walgreens Boots Alliance, Inc.
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