Walgreen CEO Gregory D. Wasson Joins Verizon Board of Directors
NEW YORK, Feb. 7, 2013
NEW YORK, Feb. 7, 2013 /PRNewswire/ --Verizon Communications Inc. (NYSE,
Nasdaq: VZ) today announced the election of Gregory D. Wasson, president and
chief executive officer of Walgreen Co. (NYSE: WAG), to the Verizon Board of
Directors, effective March 1.
"Greg Wasson brings to Verizon an in-depth knowledge of the retail and health
care industries," said Lowell C. McAdam, Verizon chairman and chief executive
officer. "He offers a unique perspective as the leader of a successful
Fortune 50 company focused on innovation, traditional and nontraditional
growth, operational and technical excellence, and multichannel integration.
We welcome him as a valuable addition to our board."
Wasson will bring Verizon's total board membership to 13.
Wasson has been Walgreens president and CEO, and has served as a Walgreens
director, since February 2009. Walgreen Co. is based in Deerfield, Ill., and
together with its subsidiaries operates the largest drugstore chain in the
U.S., with $71.6 billion in net sales, 8,385 locations and 240,000 employees
in fiscal 2012.
Wasson joined Walgreens as a pharmacy intern in 1980, and after earning his
bachelor's degree from Purdue University in 1981 he managed several Houston
Walgreens drugstores before being promoted to district manager in 1986. He
was promoted to a regional vice president of store operations in 1999.
In 2001, he was named executive vice president of Walgreens Health
Initiatives, the company's pharmacy benefit manager. Wasson was promoted to
president of Walgreens Health Initiatives in 2002, and named a Walgreens
senior vice president in 2004 and a Walgreens executive vice president in
2005. He became president and chief operating officer of Walgreens in 2007
before being appointed CEO in 2009.
Wasson serves on the board of directors of Alliance Boots GmbH, the leading
international pharmacy-led health and beauty group, in which Walgreens holds a
45 percent equity stake.
He is board chairman for the National Association of Chain Drug Stores and
also serves on the boards of the Retail Industry Leaders Association, the
Healthcare Leadership Council and the Consumer Goods Forum, among other
organizations. He is a member of The Economic Club of Chicago, The Business
Council, The Wall Street Journal CEO Council and the civic committee of the
Commercial Club of Chicago. Among activities on behalf of various non-profit
organizations, he served as chairman for the Illinois chapter of the American
Cancer Society's CEOs Against Cancer.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is
a global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's most reliable wireless
network, with more than 98 million retail connections nationwide. Verizon
also provides converged communications, information and entertainment services
over America's most advanced fiber-optic network, and delivers integrated
business solutions to customers in more than 150 countries, including all of
the Fortune 500. A Dow 30 company with nearly $116 billion in 2012 revenues,
Verizon employs a diverse workforce of 183,400. For more information, visit
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
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information are available at Verizon's online News Center at
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SOURCE Verizon Communications Inc.
Contact: Peter Thonis, +1-212-395-2355, firstname.lastname@example.org
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