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Walgreens has announced that its CEO, Rosalind Brewer, stepped down August 31, and that its next CEO will have "deep health care experience," as the company continues its ascent into a large conglomerate of health care offerings.

Brewer's departure comes less than three years after she joined the Illinois-based retailer during the chain's rollout of COVID-19 vaccines and its strategic pivot to health care that year. Under Brewer's leadership, Walgreens added primary care centers to hundreds of U.S. stores and acquired urgent care provider Summit Health-CityMD in a $8.9 billion deal, partnered with health insurers and bought out its remaining stakes in post-acute technology platform CareCentrix and Shields Health Solutions.

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