financetom
Business
financetom
/
Business
/
Walgreens names Mike Motz as CEO, goes private under Sycamore Partners
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Walgreens names Mike Motz as CEO, goes private under Sycamore Partners
Aug 28, 2025 6:50 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Etsy Stock Tumbles As CEO Exit And Weak Holiday Outlook Rattle Investors
Etsy Stock Tumbles As CEO Exit And Weak Holiday Outlook Rattle Investors
Oct 29, 2025
Etsy, Inc. ( ETSY ) shares slipped Wednesday as strong earnings were overshadowed by weaker Gross Merchandise Sales (GMS) trends and a CEO transition that clouded near-term momentum. The company reported third-quarter earnings per share of 63 cents, beating the analyst consensus estimate of 53 cents. Quarterly sales of $678 million (+6.1% year over year) outpaced the Street view of...
Microsoft Azure, 365 down for thousands of users, Downdetector shows
Microsoft Azure, 365 down for thousands of users, Downdetector shows
Oct 29, 2025
Oct 29 (Reuters) - Microsoft's ( MSFT ) Azure and its suite of productivity software were down for thousands of users on Wednesday, according to outage tracking website Downdetector.com. Azure was down for over 16,600 users and Microsoft ( MSFT ) 365 was down for nearly 9,000 users, according to Downdetector, which tracks outages by collating status reports from a...
Boeing, GE Aerospace Get Nearly $50 Billion in Deals With South Korea, White House Says
Boeing, GE Aerospace Get Nearly $50 Billion in Deals With South Korea, White House Says
Oct 29, 2025
12:29 PM EDT, 10/29/2025 (MT Newswires) -- Boeing ( BA ) is selling 103 new aircraft to Korean Air in a deal valued at $36.2 billion, the White House said Wednesday in a statement. Korean Air will also purchase GE Aerospace (GE) engines to power the new aircraft in a separate deal valued at $13.7 billion, the White House said....
Lender Security Federal's Q3 profit rises on higher interest income
Lender Security Federal's Q3 profit rises on higher interest income
Oct 29, 2025
Oct 29 (Reuters) - Overview * Security Federal ( SFDL ) Q3 net income available to common shareholders rises to $3.2 mln, driven by higher net interest income * Net interest income increased 16% to $12.1 mln in Q3 2025 * Company reduced interest expenses by repaying Federal Reserve borrowings Outlook * Company did not provide specific guidance for future...
Copyright 2023-2026 - www.financetom.com All Rights Reserved