Walgreens Promotes Joseph Magnacca to Executive Vice President
DEERFIELD, Ill. -- February 1, 2013
Walgreens (NYSE: WAG) (Nasdaq: WAG) announced the promotion of Joseph Magnacca
from senior vice president to executive vice president, effective today.
Magnacca also retains his title as president of daily living products and
Magnacca oversees Walgreens merchandising and inventory strategy, private
brands, insights and analytics, and the New York-based Duane Reade drugstore
chain, which Walgreens acquired in 2010. A retail industry veteran of more
than 20 years, Magnacca joined Duane Reade in 2008 as senior vice president
and chief merchandising officer. He was later promoted to executive vice
president at Duane Reade and then to president of the drugstore chain
following its acquisition by Walgreens. He was named Walgreens president of
daily living products and solutions in 2011.
“Joe plays a critical role in our strategy to step out of the traditional
drugstore channel and deliver the ‘Well Experience’ to our customers,” said
Walgreens President and CEO Greg Wasson. “We want that customer experience to
be unmatched in the industry, and Joe is helping to bring it to life through
leading edge store design, enhanced products and services, and increased
customer delight. His exceptional strategic market focus means we are now
better positioned than ever to meet the daily living needs of our customers.”
Earlier in his career, Magnacca served as vice president of marketing and
merchandising for Loblaw, Canada’s leading food distributer and provider of
general merchandise products and services, and as executive vice president of
merchandising and category management for Shoppers Drug Mart, the largest drug
chain in Canada.
As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion,
Walgreens (www.walgreens.com) vision is to become America’s first choice for
health and daily living. Each day, Walgreens provides more than 6 million
customers the most convenient, multichannel access to consumer goods and
services and trusted, cost-effective pharmacy, health and wellness services
and advice in communities across America. Walgreens scope of pharmacy services
includes retail, specialty, infusion, medical facility and mail service, along
with respiratory services. These services improve health outcomes and lower
costs for payers including employers, managed care organizations, health
systems, pharmacy benefit managers and the public sector. The company operates
8,061 drugstores in all 50 states, the District of Columbia and Puerto Rico.
Take Care Health Systems is a Walgreens subsidiary that is 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
Michael Polzin, 847-315-2920
Press spacebar to pause and continue. Press esc to stop.