Aug 28 (Reuters) - Walgreens on Thursday named retail
veteran Mike Motz as chief executive after the U.S. pharmacy
chain was taken private by Sycamore Partners, marking a fresh
chapter for the company that has been struggling to keep pace
with rivals.
The management shake-up follows the completion of Sycamore's
acquisition of Walgreens Boots Alliance ( WBA ) for roughly $10 billion.
Motz, who was previously CEO of Staples' U.S. retail
business, succeeds Tim Wentworth and will steer the pharmacy
operator as it shifts its focus back to core retail and pharmacy
operations, Walgreens said.