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Gregory Wasson

Former President and CEO of Walgreens
  • Led Walgreens’ acquisition of Duane Reade and Alliance Boots, forming the first global health and wellbeing company
  • Generated more free cash flow over six years as CEO than in the previous 98 combined
  • Discusses business innovation and transforming an iconic brand in disruptive times
Topics & Types
BrandingHealthcareLeadershipRetailBusiness StrategyGrowthDisruptionDecision MakingTurnaroundBusiness Leaders From Major BrandsCEOs

Greg Wasson is the former President and CEO of Walgreens, the largest drugstore chain in the US. He took the reigns during a historic economic downturn and while our country’s healthcare system was in the midst of large-scale reforms. He transformed an iconic company and helped change an entire industry for generations to come, ensuring that Walgreens would play a much larger role in the delivery of healthcare in the United States. Today, Wasson is co-founder of Wasson Enterprise, an investment firm that specializes in healthcare, technology, and innovative consumer, and shopping solutions.

Exclusively represented by Leading Authorities, Inc. speakers bureau, Wasson discusses leading a global business, transforming an iconic brand, and the current state of healthcare in the US. From developing brand mantras, cultural beliefs, and store designs to deciding on the right partners for international acquisitions and expansion, he shares what he learned leading Walgreens and studying the most innovative retail concepts in the world. His presentations pull from his experience leading one of the world’s most-respected brands and the pharmacy by which all others are measured.

During his CEO tenure, Wasson delivered total shareholder returns exceeding the S&P 500 and generated more free cash flow over six years than in the previous 98 combined. Known for his willingness to take large risks, he also spearheaded a string of big-money deals that moved the company into new markets. Through the acquisition of both $1.1 billion Duane Reade and Alliance Boots, he helped create the newly formed Walgreens Boots Alliance, the world’s first global health and wellbeing company, and he co-opted the best innovations and forward-looking strategies from each company, developing a new strategy and leadership paradigm at Walgreens. In 2014, Walgreens Boots Alliance had $76.4 billion of sales, 8,309 locations, and 251,000 employees.

Wasson joined Walgreens in 1980 as a pharmacy intern. He rose to managing pharmacies in Houston and later became regional vice president of store operations. From there he took on various executive roles in the health initiatives division and was ultimately promoted to COO in 2007 and CEO in 2009.

On becoming CEO, Wasson focused on tackling the commoditization of retail consumer sales and pharmacy services, rising drug prices, and mounting reimbursement costs. He launched “Walgreens Plan to Win” which transitioned the company from its previous strategy of rapid store expansion to one of improving the customer experience. He utilized Walgreens’ key real estate properties (the company had amassed some of the most valuable retail real estate in the country) and launched a rebranding campaign that revamped the look and feel of its stores, expanded healthcare services, and enhanced cosmetics counters and fresh food offerings. He also decentralized leadership to move decision-making to those closest to the core business and empowered his executive team to tackle big decisions. Wasson crystallized the company around three strategic growth drivers: Creating a “Well Experience,” advancing the role of community pharmacy in healthcare, and establishing an efficient global platform.

In addition to Walgreens, Wasson serves on the boards of Verizon Communications Inc., PNC Financial Services Group, and Health Care Services Corporation (HCSC). He previously served on Alliance Boots’ and AmerisourceBergen’s.

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Location/Travels from: IL
FEES
Local
$35,001 - $55,000*
US East
$55,001 - $75,000*
US West
$55,001 - $75,000*
Europe
$75,001 and up*
Asia
$75,001 and up*

* This specific fee falls within this range. Ranges are presented as a guideline only. Speaker fees are subject to change without notice.
For an exact quote, please contact your Leading Authorities representative.

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