Walgreens hires Starbucks exec as new CEO

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Walgreens Boots Alliance Inc. named Starbucks Corp. Chief Operating Officer Rosalind Brewer as its next CEO.

Brewer succeeds Stefano Pessina, who announced he would step down as CEO in July. He's staying on the company's board and will serve as executive chair.

Brewer becomes the only Black woman leading a Fortune 500 company today.

Read more from The Wall Street Journal.