The company recently announced plans to build a 200-person internal technology startup. By clicking ‘Sign up’, you agree to receive marketing emails from Insider The Journal broke the news in the middle of Starbucks' earnings call on Tuesday, with an analyst congratulating Brewer on the call. Starbucks announced earlier in January that chief financial officer Pat Grismer will retire on February 1, serving as an advisor to Johnson through May 2. The owner of the Boots has appointed Roz Brewer as chief executive, making her the only black woman to lead a Fortune 500 company. © 2021 CNBC LLC. Brewer the only Black female CEO of a Fortune 500 company. Rosalind Brewer, Starbucks’ chief operating officer, will replace Stefano Pessina as CEO of Walgreens Boots Alliance, the drugstore chain confirmed in a recent statement. Brewer will replace CEO Stefano Pessina, who said in July that he would step down as the CEO of Walgreens when the company found a new chief executive. She was widely expected to be the successor to current CEO Kevin Johnson. Starbucks Corp. Chief Operating Officer and Group President Rosalind Brewer will leave the company in February, CEO Kevin Johnson said during an earnings call Tuesday. Prior to her time at Walmart, she worked for consumer packaged goods giant Kimberly-Clark. At Walgreens, Brewer will face numerous challenges as the company looks to turn around its business and create new revenue streams. Starbucks and Walgreens did not immediately respond to Insider's request for comment on Brewer's reported new job. As CEO of Walgreens, Brewer will be the only Black woman leading a Fortune 500 company. Brady has 4 jobs listed on their profile. Roz Brewer is Group President/COO at Starbucks Corp. See Roz Brewer's compensation, career history, education, & memberships. Brewer has accepted a chief executive role at … Get this delivered to your inbox, and more info about our products and services. Brewer has been with Starbucks since 2017. Brewer also is chairwoman of Spelman College's board of trustees and previously was a director at Lockheed Martin and Molson Coors Beverage. The Wall Street Journal first reported Brewer's decision to join Walgreens. Additional Information About Roz Brewer Before her time at Starbucks, Brewer worked at Sam’s Club from 2012 to 2017. Brewer had the potential to succeed Johnson at Starbucks' next CEO. Former Starbucks executive Roz Brewer will become the only Black woman to lead a Fortune 500 company when she assumes her new role as the CEO of Walgreens. She will also join the board of directors. Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens Boots Alliance, the drugstore chain confirmed Tuesday evening. Brewer became the company’s chief operating officer of Starbucks in the fall of 2017. She is currently the COO of Starbucks and the former President and CEO of Sam's Club, a division of Wal-Mart Stores Inc. USA Today referred to her as "one of corporate … Amazon launched its own pharmacy business in November, offering perks such as a savings program and free two-day delivery to Prime members. Account active The stock is down 5% over the past 12 months, bringing its market value to $42.50 billion. Brewer will be the only Black woman leading a Fortune 500 company. Brewer the only current Black female CEO of a Fortune 500 company. Additional Information About Roz Brewer. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Starbucks has also recently announced the retirement of its CFO, Pat Grismer. Brewer begins her new role March 15 and will also join the company’s board. Walgreens has named Rosalind “Roz” Brewer as its new CEO, making her the only Black woman leading a Fortune 500 company. She will take office from March 15 and succeeds Stefano Pessina who will transition to the role of executive chairman of the Walgreens board, the drugstore chain said in a statement. Walgreens Boots Alliance has named Roz Brewer, chief operating officer at Starbucks, as its new CEO. It acquired online pharmacy PillPack in 2018. She made history by becoming the first woman and first African American to lead a Walmart division. (Photo by Stephen Brashear/Getty Images) Starbucks chief operating officer Roz Brewer is stepping down from the role, the coffee giant announced on Tuesday. It beat analyst estimates for its earnings, but its sales recovery in the U.S. faltered as Covid-19 cases increased during the quarter. View Brady Brewer’s profile on LinkedIn, the world’s largest professional community. Rosalind Brewer Walgreens Boots Alliance named Starbucks Corp.'s chief operating officer, Roz Brewer, a Detroit native, as its new CEO, it announced late Tuesday. Walgreens’ stock price got a boost Wednesday with Starbucks honcho Roz Brewer poised to take over as the pharmacy chain’s new CEO. On Tuesday, news broke that Walgreens named Starbucks exec Rosalind Brewer its next CEO. Walgreens' bigger rival, CVS Health, acquired health insurer Aetna and was quicker to expand in health-care services. Brewer also sits on the board of Amazon, a company that's been cutting into drugstore sales both in the front of the store as well as behind the pharmacy counter as more customers buy toothpaste and refill prescriptions online. Brewer will become the CEO of Walgreens, the Wall Street Journal reports. Rosalind "Roz" Brewer, who led Walmart’s Sam’s Club division as CEO before departing to be chief operating officer of Starbucks, has been appointed the next CEO of drugstore operator Walgreens Boots Alliance. Sign up for Insider Retail. We want to hear from you. Brewer quickly became an influential executive at the coffee giant. Only two Black women have led Fortune 500 companies: Ursula Burns, Xerox's CEO from 2009 until 2016, and Mary Winston, who was the interim CEO of Bed Bath & Beyond for less than a year in 2019. Here's what to know. "Women in the Workplace" report by McKinsey & Company. The company named Roz Brewer, COO of Starbucks … Data is a real-time snapshot *Data is delayed at least 15 minutes. Rosalind Brewer will step down as Starbucks's chief operating officer. Starbucks chief operating officer Roz Brewer is stepping down from the role, the coffee giant announced on Tuesday. Share to Linkedin; Roz Brewer, formerly Starbucks' COO, will become the CEO of Walgreens Boots Alliance and the only Black woman running an S&P 500 company. Walgreens Boots Alliance Inc. named Starbucks Corp. operating chief Rosalind Brewer as its next chief executive, setting her up to be the only Black woman leading a Fortune 500 company today. CHICAGO (CBS/AP) —Walgreens has tapped Starbucks executive Roz Brewer as its new CEO, which will make her the only Black woman leading a Fortune 500 company. Rosalind G. Brewer is an American businesswoman, who is slated to become the CEO of Walgreens on March 15, 2021; at that time, she will be the only Black female CEO of a Fortune 500 company. Brewer's ascent is not only significant for women but for women of color, who are dramatically underrepresented in senior management levels, according to the latest "Women in the Workplace" report by McKinsey & Company. It closed hundreds of Walgreens and Boots stores last year and cut the size of its workforce. Walgreens shares rose nearly 8% in extended trading on the news. Additionally, one in five C-suite leaders is a woman, and fewer than one in 30 is a woman of color. Rosalind Brewer, Group President and COO of Starbucks shares a morning with the Executive Leadership Council's 2017 C-Suite Academy Cohort Published on October 28, 2017 Dr. Lonie S. … Prior to coming to Starbucks, she served as president and CEO of Walmart's Sam's Club division. Before her time at Starbucks, Brewer worked at Sam’s Club from 2012 to 2017. Got a confidential news tip? Rosalind “Roz” Gates Brewer speaks to a group of new Starbucks vice presidents in May. Read more: How Dunkin' stole Starbucks' crown as king of social media in 2020 using TikTok stars, purple drinks, and coffee-scented candles. Walgreens has tapped Starbucks executive Roz Brewer as its new CEO, which will make her the only Black woman leading a Fortune 500 company. When Brewer started at Starbucks in late 2017, she was charged with rebooting sales in the US. He will be replaced by Rachel Ruggeri, who serves as senior vice president of finance for the Americas division, starting Feb. 1. Roz Brewer, chief operating officer at Starbucks, is stepping down from her position next month to take a job as the CEO of another publicly traded company, the Seattle-based coffee giant announced on Tuesday. Her return to the top job at a corporation is not a surprise. A year later, the coffee giant launched a more consistent happy hour on Thursdays. Starbucks COO Roz Brewer is leaving at the end of February to become CEO of Walgreens Boots Alliance, Starbucks COO on Investing in Small Business and Corporate America's Role in Reducing Divisiveness, numerous challenges as the company looks to turn around its business, chain reported its fiscal first-quarter results. In 2018, fans could only access happy hour promotions via the Starbucks app, a move aimed at driving mobile sales. Here's what to know. Between January 2015 and January 2020, representation of women in senior-vice-president positions grew from 23 to 28 percent, and representation in the C-suite grew from 17 to 21 percent, according to the report. Johnson is the successor of Howard Schultz, the chain's long-time CEO who built the company into the international giant it is today. Roz Brewer Walgreens Boots Alliance Inc. has made history with the appointment of its new chief executive officer. CVS opened Minute Clinics, and Walgreens has been playing catch-up. Subscriber All Rights Reserved. She is currently ranked #27 on Fortune’s 50 Most Powerful Women in Business. Brewer will become CEO of the retail pharmacy chain … Johnson promised that the company would "not miss a beat" as others take on Brewer's responsibilities. Walgreens Boots Alliance said on Tuesday that outgoing Starbucks Chief Operating Officer Roz Brewer has been appointed as the company’s chief executive officer. Starbucks chief operating officer Roz Brewer is leaving the company. since, “No Rules Rules: Netflix and the Culture of Reinvention”. Flynn Restaurant Group to buy more than 1,100 Pizza Hut and Wendy's restaurants in what's expected to be one of many mergers and acquisitions in the chain restaurant space this year. A Division of NBCUniversal. Pessina announced his plans to step down as CEO in July. She was the first Black woman to be COO of Starbucks and to head a division at the big-box retailer. Brewer has accepted a chief executive role at "another publicly-traded company and will be leaving Starbucks at the end of February," the company said in a press release. Read more: Walgreens is teasing a 200-person in-house startup that aims to improve healthcare. Walgreens Boots Alliance is set to announce that Brewer will be the new CEO of the company, the Wall Street Journal reports, citing people familiar with the matter. The drugstore chain struggled in the early months of the pandemic as foot traffic dropped, particularly at its Boots stores in the United Kingdom. Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens Boots Alliance, the drugstore chain confirmed Tuesday evening. Brewer joined Starbucks' board in 2017 and became its chief operating officer later that year after serving as CEO of Sam's Club, which is owned by Walmart. In 2019, she was named to Nation's Restaurant News Power List. The new gig will make Brewer the only current Black female CEO of a Fortune 500 company. Walgreens Boots Alliance is to become the only company in the S&P 500 to be run by a black woman after the drugstore group appointed Starbucks chief operating officer Roz Brewer as … Squawk Box Outgoing Starbucks COO Roz Brewer named Walgreens CEO Walgreens has named Roz Brewer as its next CEO, which would make her the only Black woman to lead a Fortune 500 company. Brewer was named CEO of the pharmacy retailer Walgreens later on Tuesday. Brewer is one of two top executives leaving Starbucks in the near future. Rosalind Brewer will be the next CEO of Walgreens — making her the only Black woman currently slated to take the helm of a Fortune 500 company. Brewer is no stranger to being the top boss. There have been some murmurs that Brewer had the potential to succeed Johnson at Starbucks' next CEO. Are you a Starbucks worker with a story to share? Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens Boots Alliance, the drugstore chain confirmed in a statement Tuesday evening. Walgreens is teasing a 200-person in-house startup that aims to improve healthcare.