Walgreens Announces Two Executive Promotions

2009-07-10 22:32:04 -

Walgreen Co. (NYSE, NASDAQ: WAG) today announced the promotions of Wade D. Miquelon to executive vice president and chief financial officer, and John W. Spina to corporate vice president of retail integration and new format development. The promotions were effective July 1.

Miquelon, 44, who joined Walgreens as senior vice president and chief financial officer in June 2008, will continue responsibility

for the company’s accounting, tax and treasury functions, including investor relations.

“In the short time he’s been with Walgreens, Wade has delivered tremendous value while bringing effective change that’s showing results,” said Walgreens President and CEO Greg Wasson. “We’re pleased to recognize his work and the value he brings to the leadership team.”


Prior to Walgreens, Miquelon was executive vice president and CFO for Springdale, Ark.-based Tyson Foods, Inc., the world’s largest processor and marketer of chicken, beef and pork. Previously, Miquelon spent 16 years with The Proctor & Gamble Company, the world’s largest consumer goods product company. During his career there, Miquelon was assigned to the company’s headquarters in Cincinnati and offices in Bangkok, Singapore and finally Geneva, Switzerland, where he was general manager and head of finance for Western Europe operations.

Miquelon earned a bachelor of science degree in civil engineering from Purdue University, West Lafayette, Ind., in 1987, and an M.B.A. in finance and marketing from Washington University, St. Louis, in 1989.

Spina, 50, previously was Walgreens vice president and treasurer. In his new role, he is responsible for bringing a more focused approach to how Walgreens integrates new businesses. He will also work to develop new store formats and increase performance from existing store formats through more flexible layouts.

“Throughout his lengthy Walgreens career, John has demonstrated the ability to uncover opportunities and lead teams through complex projects,” said Wasson. “There’s no one better to take on this new challenge as we seek more innovative ways to leverage the best store network in America.”


Prior to being named treasurer in 2007, Spina spent 28 years in store operations at Walgreens, starting as a service clerk in Daly City, Calif. in 1979. He received a B.S. in business/accounting from California State University, Hayward, in 1981 and became a store manager two years later. Spina was promoted to district manager in 1996, director of drug store administration in 2003 and store operations vice president two years later. The company will name a new treasurer soon.

Walgreens ( www.walgreens.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ) is the nation's largest drugstore chain with fiscal 2008 sales of $59 billion. The company operates 6,902 drugstores in all 50 states, the District of Columbia and Puerto Rico. Walgreens provides the most convenient access to consumer goods and services and cost-effective pharmacy, health and wellness services in America through its retail drugstores, Walgreens Health Services division and Walgreens Health and Wellness division. Walgreens Health Services assists pharmacy patients and prescription drug and medical plans through Walgreens Health Initiatives Inc. (a pharmacy benefit manager), Walgreens Mail Service Inc., Walgreens Home Care Inc., Walgreens Specialty Pharmacy LLC and SeniorMed LLC (a pharmacy provider to long-term care facilities).
Walgreens Health and Wellness division includes Take Care Health Systems, the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.



Walgreen Co.Tiffani Washington, (847) 914-2925 www.walgreens.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..