Walgreens announces new executive roles to help unleash Walgreens-Alliance Boots synergies
Deerfield, Ill. — Walgreens on Tuesday announced several new senior management roles, including an expanded role for CFO Wade Miquelon and the appointment of current senior VP and chief strategy officer Robert Zimmerman as the lead executive responsible for the Walgreens-Alliance Boots’ "synergy team." Succeeding Zimmerman as chief strategy officer will be Brad Fluegel.
“These new roles will allow us to move forward aggressively, working closely together with Alliance Boots, to implement our strategic partnership and realize the extensive synergies from the acquisition, as well as accelerate our core growth strategies to achieve our purpose to help people get, stay and live well,” Walgreens president and CEO Greg Wasson said.
With the announcement, Miquelon will assume an expanded and global leadership role at Walgreens as EVP/CFO and leading a newly named value creation services and international division in the role of international president. As he continues to lead Walgreens finance functions as CFO, Miquelon now will serve as Wasson’s senior leader in collaborating with Alliance Boots management team to execute the new global strategic partnership.
Zimmerman now will lead a new global mergers and acquisitions “synergy team” as SVP international and international chief administration officer. In his new role as Walgreens key project leader on the Alliance Boots partnership, Zimmerman will also serve on the Alliance Boots board of directors. “As our chief strategy officer for several years, Bob has been critical in helping us to evolve our core growth strategies, which is why I’ve asked him to take on this role heavily focused on ensuring we execute with excellence on this transformative and critical transaction,” Wasson said.
Joining the company as SVP and chief strategy officer is Fluegel, who was executive in residence at Health Evolution Partners prior to joining Walgreens, and previously served as EVP and chief strategy and external affairs officer of Wellpoint, one of the nation’s largest health benefits company, where he was responsible for long-term strategic planning, government affairs, corporate communications, including public relations, corporate development, international expansion, innovation and new business ventures. In addition to serving as Walgreens chief strategy officer, Fluegel also will lead the company’s project management office and corporate consulting team, as well as work together with Zimmerman on the company’s venture capital efforts.
As part of the Alliance Boots announcement in June, Walgreens stated that it expects combined synergies across both companies of between $100 million and $150 million in the first year and $1 billion by the end of 2016. To carry out a focused effort to capture those synergies, the company is setting up six new “global synergy teams” in Miquelon’s new organization that will work closely with Alliance Boots.
In addition to Zimmerman’s global mergers and acquisitions team, the additional global synergy teams will oversee global value creation, global projects, new markets and international expansion, and procurement and pharmaceutical development.
Tesco expects 30% energy savings from all-LED store
New York — Tesco has opened its first all-LED store as the United Kingdom’s largest retailer continues its drive to reduce carbon emissions from its operations. Tesco expects that the use of the LEDs in its new Express location, in Loughborough, England, will produce a 30% energy savings compared to its other Express stores.
All of the store’s external signage is lit with LEDs, as is the lighting on the sales floor and in staff areas. In addition, the cold rooms, fridges and freezer are lit with LEDs. (The only place where standard lighting is used is in the bakery oven, where temperatures are too high for LEDs to function.)
"We have recognized that through the use of LED light fittings we can dramatically reduce energy usage, particularly at Express stores due to their smaller size and lower ceiling height, stated Emmily Sjolander, environmental program manager, Tesco. “If this delivers the energy savings we have estimated, it is likely that we would replicate this lighting system at other stores.”
Kohl’s to ramp up holiday hiring by 10%
Menomonee Falls, Wis. — Kohl’s Corp. said Tuesday it plans to hire more than 52,700 associates this holiday season, about a 10% increase over last year’s holiday hiring numbers.
Kohl’s said it anticipates hiring an average of 41 associates per store, a 4% increase over 2011, as well as 5,700 seasonal DC positions and more than 30 seasonal credit operations positions.
Hiring began this month, and most jobs will be filled by mid-November, said the retailer.