Walgreens, the online leader among retail pharmacy chains, has formed a special committee to find a CEO to replace Jeffrey Rein, who is retiring after 25 years at the company.
Rein, 56, has retired as the chief executive and chairman of Walgreen Co., the parent company of retail chain Walgreens and its retail e-commerce site, Walgreens.com. Walgreens is No. 70 in the Internet Retailer Top 500 Guide.
Alan McNally, 62, the lead director of the Walgreen Co. board, has replaced Rein as chairman and will serve on the committee seeking a new CEO. The committee says it will consider candidates from both within and outside of the company.
McNally, a former CEO of Harris Bank, played a leading role in the 1984 merger of Harris Bank and the Bank of Montreal. He is also a former chairman of credit card company MasterCard Inc.
In June, Walgreens named former Dell Inc. online executive Sona Chawla as senior vice president of e-commerce, responsible for building sales, service and customer experience on Walgreens.com and driving web traffic to stores.
Walgreens operates nearly 6,500 drugstores in 49 states, the District of Columbia and Puerto Rico.
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