DEERFIELD, Ill., 16 January 2015 – Walgreens Boots Alliance (Nasdaq: WBA) today announced that Thomas Sabatino Jr., executive vice president, global chief legal and administrative officer, will be leaving the company to join Hertz Global Holdings as senior executive vice president, chief administrative officer and general counsel, effective 9 February 2015.
Sabatino will remain in his current role with Walgreens Boots Alliance through the end of January to ensure a smooth transition of his current responsibilities. The company expects to announce his successor at that time.
Joining Walgreens as executive vice president, general counsel and corporate secretary in 2011, and serving as chief administrative officer since 2014, Sabatino led and oversaw the company’s merger and integration efforts with Alliance Boots.
“In addition to building a world-class legal organization as general counsel and working closely with the board of directors through this pivotal period for the company, Tom played a vital role in helping us to close the merger before the end of 2014 and in overseeing the integration of our two companies over the course of the past year,” said Jim Skinner, Walgreens Boots Alliance executive chairman. “We congratulate Tom on his new role at Hertz, thank him for his service and wish him the very best.
“It has been a privilege to serve Walgreens during this transitional period, to work with such a top-notch organization and to lead the integration of these two iconic companies,” Sabatino said. “As I look forward to a new, exciting opportunity at Hertz, I have the utmost confidence in the Walgreens Boots Alliance team, the global force for pharmacy, wellbeing and beauty we have built and the future of this great company.”
ENDS
Notes to Editors:
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise in the world.
The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.
The company employs over 370,000 people and has a presence in more than 25* countries; it is the largest retail pharmacy, health and daily living destination in the USA and Europe. Including its equity method investments, Walgreens Boots Alliance is the global leader in pharmacy-led, health and wellbeing retail with over 12,800* stores in 11* countries. The company includes the largest global pharmaceutical wholesale and distribution network with over 340* distribution centers delivering to more than 180,000† pharmacies, doctors, health centers and hospitals each year in 19* countries. In addition, Walgreens Boots Alliance is the world’s largest purchaser of prescription drugs and many other health and wellbeing products.
Its 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 and Botanics. More company information is available at www.walgreensbootsalliance.com.
*As at 30 November 2014 including equity method investments on a pro-forma basis
†For year ended 30 November 2014 including equity method investments on a pro-forma basis
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Cautionary Note Regarding Forward-Looking Statements
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. Words such as "expect," "likely," "outlook," "forecast," "would," "could," "should," "can," "will," "project," "intend," "plan," "goal," "target," "continue," "sustain," "synergy," "on track," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume," and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, those described in Item 1A (Risk Factors) of the Walgreen Co. most recent Annual Report on Form 10-K, as amended, which is incorporated herein by reference, and in other documents that Walgreen Co. or Walgreens Boots Alliance, Inc. files or furnishes 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 from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which 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.