(Bloomberg) -- Walgreens Boots Alliance Inc., the largest U.S. drugstore chain, topped analysts’ expectations and raised its profit forecast as it begins to implement a cost-cutting strategy that will eventually close 200 stores.
Stefano Pessina, the company’s acting CEO for the last six months, will be made permanent, Walgreens Boots said in a statement Thursday.
“The board concluded Stefano is the very best person to achieve our vision to be a truly global health care champion,” Chairman James Skinner said in the statement. Pessina is also the company’s largest shareholder.
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