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Wasson named CEO of Walgreens

BY CSA STAFF

DEERFIELD, Ill. Walgreens has named Gregory Wasson as CEO and a director of the company effective Feb. 1. Alan McNally, who has served as chairman and acting CEO since October 2008, will remain chairman of Walgreens board. Wasson will retain the position of president.

Wasson joined Walgreens as a pharmacy intern in 1980 and advanced steadily through increasingly responsible executive positions over the course of his 29-year career with the company. Wasson was named a regional VP Walgreens store operations in 1999, became executive VP Walgreens Health Services (WHS) in 2001 and was named president of WHS in 2002. He became president and coo of Walgreen Co. in 2007.

“It is a very exciting time for Walgreens,” commented Wasson. “Despite the challenges we face from a difficult retail environment, we believe our fundamental strengths as a company – the best, most convenient, community-based store network in America; our iconic brand; and strong balance sheet – are tremendous competitive advantages that will accelerate the strategic transformation and success of our company. I look forward to working with our 237,000 dedicated employees in building the future of Walgreens.”

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Murray resigns from Cabela’s board

BY CSA STAFF

SIDNEY, Neb. Cabela’s announced that Stephen Murray resigned from the board of directors effective Jan. 20.

Murray joined the board of directors in December 2005. During his tenure, Murray served as a member of the compensation committee and the nominating and corporate governance committee.

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Wal-Mart to own majority stake in largest Chilean food retailer

BY CSA STAFF

BENTONVILLE, Ark. and SANTIAGO, Chile Wal-Mart Stores announced that it has successfully completed its tender offer to acquire Distribucion y Servicio D&S S.A., Chile’s largest food retailer.

As a result of the transaction, Wal-Mart will own approximately 58.2 % of the issued and outstanding shares of D&S, including shares represented as American Depository Shares in the United States. Felipe Ibanez Scott and Nicolas Ibanez Scott will collectively retain approximately 40.1% of the shares of D&S, leaving approximately 1.7% held by the public. The tender offer period commenced Dec. 24 and closed at midnight Jan. 22 local Santiago time.

According to Craig Herkert, Wal-Mart EVP and CEO of the Americas, “Partnering with D&S, with its strong brands and its position as Chile’s largest food retailer, is an important step in implementing Wal-Mart’s international strategy. We continue to focus on portfolio optimization, global leverage and winning in every market.”

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