Starbucks COO Roz Brewer will be new Walgreens CEO; steps down from Amazon board

Starbucks COO Roz Brewer will be the new CEO of drugstore giant Walgreens. Brewer was expected to succeed Starbucks CEO Kevin Johnson.

Brewer became COO at Starbucks in 2017 and also sits on the Seattle company’s board. She previously joined Walmart in 2006 and became president and CEO at Walmart-owned Sam’s Club.

Brewer, 58, has also been an Amazon board member since 2019. That makes her role at Walgreens intriguing, given Amazon’s aggressive push into healthcare in recent years and Walgreens’ cloud computing partnership with Microsoft.

Brewer will step down from the company’s board effective Feb. 16. “As a member of Amazon’s Board of Directors, Roz Brewer has been hugely valuable because of her customer-obsessed mindset, passion for innovation, and focus on operational excellence,” an Amazon spokesperson said in a statement. “We’re thrilled to see Roz’s talent recognized by Walgreens and wish her success in her new role.”

Ms. Brewer will replace Stefano Pessina, who said in July that he would step down as CEO once the drugstore company found a new leader. Mr. Pessina, one of Walgreens’ biggest individual investors, will stay on the company’s board and serve as executive chairman.

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Shares of Walgreens, which has a market value of around $43 billion, rose 8% after hours after The Wall Street Journal first reported on the move.

Starbucks said Tuesday that Ms. Brewer, its chief operating officer and group president, was leaving both the company and board of Starbucks at the end of February for a new role at another public company. Before joining the coffeehouse chain, Ms. Brewer was CEO ofWalmart Inc.’s Sam’s Club division for five years.

Brewer will be the only Black female leading a Fortune 500 company. Brewer was the first woman and first black chief operating officer at Starbucks, and the second black woman to join the Amazon board.

Brewer will be Walgreens CEO, effective March 15.