Overview

• Walgreens Boots Alliance is reorganized into Walgreens, The Boots Group, Shields Health Solutions, CareCentrix and VillageMD, each operating independently.
• Mike Motz, formerly CEO of Staples US Retail and a past Shoppers Drug Mart president, is named Walgreens CEO as Tim Wentworth moves to the board and John Lederer becomes executive chairman.
• Former shareholders receive $11.45 per share in cash plus a contingent right of up to $3 per share based on future monetization of VillageMD, and WBA shares are delisted.
• Stefano Pessina and his family reinvest 100% of their holdings and continue their involvement alongside Sycamore Partners.
• The Boots Group is spun out as a UK‑based company led by Ornella Barra, covering Boots UK & Ireland, Boots Opticians, No7 Beauty and international pharmacy operations.