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Walgreens names retail veteran Mike Motz as CEO after Sycamore takes chain private

By Reuters  
   August 29, 2025

Walgreens on Thursday named retail veteran Mike Motz as its CEO after the pharmacy chain was taken private by Sycamore Partners, marking a fresh chapter for the company that has been struggling to keep pace with rivals. The management shake-up came on the heels of Sycamore's roughly $10 billion acquisition of Walgreens Boots Alliance, completed earlier in the day.

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