Walgreens Sells Off Distributor Stake, Cancels Corporate Bonuses, Appoints New CIO

Walgreens continues to sell off distributor stake under new CEO Wentworth, raising funds for debt paydown and general purposes. The company has also canceled corporate bonuses due to financial pressures and disappointing quarterly earnings. Neal Sample has been appointed as the new CIO, replacing Hsiao Wang, as Walgreens focuses on expanding its healthcare delivery services and improving the digital experience for customers and patients.