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Stefano Pessina steps down from top role at Boots' parent company

Mr Pessina is stepping down after five years as chief executive of the company
Mr Pessina is stepping down after five years as chief executive of the company

Stefano Pessina will be stepping down as chief executive of Boots’ parent company Walgreen Boots Alliance after five years in the post, it was announced this week.

Stepping down from the company's most senior position will help it to “drive further progress on its key strategic priorities and to transform the business for the future to address the rapidly-evolving healthcare sector,” the company said.

No replacement has been announced yet but when a successor is found, Mr Pessina will become executive chairman of the health and beauty giant's board of directors – replacing the current holder of that position, James Skinner – Walgreen Boots Alliance said.

Mr Skinner, who has been executive chairman since 2015, will “remain on the board to facilitate a smooth leadership transition”.

Commenting on the change in leadership, Mr Skinner said it has been an “enormous privilege” to work with Mr Pessina, the board of directors and other employees during his time as executive chairman.

“I am deeply grateful for the opportunity, as well as the chance to continue to serve as a board member in the future. Together, we have built our company into a global leader in retail and wholesale pharmacy,” he added.

16 Comments
Question: 
What do you make of Mr Pessina's decision to stand down?

Paul Dishman, Pharmaceutical Adviser

Signor Pessina opened the new Unichem branch a few years back. I was invited, but the invitation had a dress code of lounge suit. So I didn't bother.

Not-So-Lucky Ex-Locum, Superintendent Pharmacist

Anyone out there remember working for Moss before the Boots 'merger' (i.e. takeover)? They were the last company I worked for that I actually felt valued for what I did. Couldn't organise a piss-up in a brewery, but they paid well, had reasonably well staffed shops and not much pressure from above. That all changed when Pessina got his grubby claws into them and turned them into those naff  'your local Boots pharmacy' things. The brand image was and is very poor from a pharmacy angle - everyone sees Boots as a place to get stuff to freshen up your armpits or buy irrelevant vitamins rather than somewhere to get PROPER healthcare and advice.

Benie I, Locum pharmacist

Healthcare comes way down the list of priorities. 3 for 2 sandwiches is somewhere newar the top though. Ahhh Pessina will certainly be missed.

Not-So-Lucky Ex-Locum, Superintendent Pharmacist

It's a shame he'll still be on the board though. I would imagine a Golden Handshake was involved as well. He'll be set up sweetly for the rest of his life, a cushy, still massively paid job, IMMENSE pension, and someone else to blame if it all goes pear shaped. Whatever else he is, he's a smooth operator, I'll give him that much.

Anonymous Anonymous, Information Technology

Good riddance to bad rubbish!

Stephen Walsh, Community pharmacist

 

 

anti-depressed Pharmacist, Manager

Pandemic showed his meal deal sandwiches and overpriced cheap perfumes was not needed.

Not-So-Lucky Ex-Locum, Superintendent Pharmacist

I wonder how much perfectly good food they had to bin because of lockdown?

Arun Bains, Community pharmacist

Many people feel that Mr Pessina ripped the soul out of pharmacy and changed perception of pharmacists as professionals to glorified store staff.

Cymraeg Locum, Locum pharmacist

Truly awful working conditions and pay in pharmacy with Mr Pessina in charge.

A Long Serving Pharmacist, Community pharmacist

Sadly he hasn't left altogether!

Freelance Chemist, Pre-reg Pharmacist

So he hasn't left then: 

"Mr Pessina will become executive chairman of the health and beauty giant's board of directors – replacing the current holder of that position, James Skinner – Walgreen Boots Alliance said.

Mr Skinner, who has been executive chairman since 2015, will “remain on the board to facilitate a smooth leadership transition”."

Is this site becoming like the Daily Mail??

 

Benie I, Locum pharmacist

I'd like to thank him deeply for all he has done for the advancement of pharmacy. But most of all for improving the working conditions employees and locums at the same time as stratospheric increases in wages that culminated in Rudkin having to slap down would be millionaire pharmacists. He will be sorely missed. Pharmacy won't be the same.

Not-So-Lucky Ex-Locum, Superintendent Pharmacist

One person didn't get the joke Benie. Actually, that's not a bad average.

Freelance Chemist, Pre-reg Pharmacist

Spot on pal!

me and you should stand for RPS elections and get rid of dead wood, actually work for pharmacist interests 

 

 

Sharon Stone, Communications

Good ridance . What a horrid man!

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