Walgreen CFO’s Departure Due To $1 Billion Forecasting Error : WSJ
The Wall Street Journal reports that drugstore retailer Walgreen Company’s Chief Financial Officer, Wade Miquelon, and another top executive have lost their jobs, after a $1 billion forecasting error in the company’s Medicare-related business. Walgreen named Kraft Foods Group Incorporated’s former CFO, Timothy McLevish, to replace Miquelon on August 4th. Miquelon will continue as an advisor to assist the company with its strategic partnership with Alliance Boots Holding Limited.
“Walgreen CFO’s Departure Due To $1 Billion Forecasting Error : WSJ” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.