Walgreens 2014 Annual Report Download - page 4

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each other, develop strong links and produce
substantial combined synergies even before fully
coming together as a new combined company.
Our identity and core values
Above all, Walgreens Boots Alliance is defined
by our potential for the future. With a presence
across the world, we are now a global company,
with three divisions and reportable business
segments—Retail Pharmacy USA, Retail
Pharmacy International and Pharmaceutical
Wholesale—interacting with millions of people
across five continents. That makes us one of the
largest healthcare providers in the world. We
have been building a global enterprise because
it is the most eective way to achieve our vision
of becoming the first choice for pharmacy,
wellbeing and beauty—caring for people and
communities around the world. Global reach
is also the most straightforward route for
accomplishing our purpose to help people
everywhere lead healthier and happier lives
and at the same time to generate substantial—
and sustainable—benefits for local markets and
all stakeholders. Our considerable economies
of scale and synergies, increased operational
eciency and operating results will allow us to
invest in our businesses and brands, as well as
reward our people, customers and stockholders.
Importantly, we are focused on developing a truly
shared culture—one based on our core values
of trust, care, innovation and dedication, and
underpinned by our most important value of all,
partnership. Partnership is absolutely integral
to how we run our company and interact with
stakeholders and other organizations, and is
the true cornerstone of our long-term success.
Partnership is the way to overcome dierences
and turn them into positive dynamics, and bring
people together in a constructive way—because
success is only sustainable when there is real
buy-in from all. It is no coincidence that
“alliance” is in our name.
We are confident that, based on our core
values, our new shared culture will engage all
teams on the same journey, whatever their
markets, languages, countries, backgrounds
and expertise. Walgreens Boots Alliance will
be a global and vibrant melting pot with a
strong feeling of pride and belonging across
the enterprise.
Executive leadership
Leading Walgreens Boots Alliance is a superior
senior management team. This team blends
talented, experienced, eective leaders
from each of our companies, as well as new
individuals bringing broad, fresh perspectives
and unmatched expertise from the USA, the
UK and beyond.
Our business leaders are Alex Gourlay, President
of Walgreens; Simon Roberts, President of Boots;
and Ornella Barra, President and Chief Executive
of Global Wholesale and International Retail.
In addition, we have a number of global
cross-divisional functions including those led
by Ken Murphy, president of Global Brands and
Je Berkowitz, president of Pharma and Global
Market Access. Finally, leading other key
functional areas are George Fairweather,
Global Chief Financial Ocer; Marco Pagni,
Global Chief Legal and Administrative Ocer;
Tim Theriault, Global Chief Information Ocer;
and Kathleen Wilson-Thompson, Global Chief
Human Resources Ocer.
Growth and performance
In the near term, Walgreens Boots Alliance will
seek growth and value creation by exploring
new opportunities to expand in current and
new markets, generating additional synergies
by leveraging our economies of scale, and
redesigning and reinventing our business
models across our divisions.
To illustrate this latter goal, in our Retail
Pharmacy USA division, given the ongoing
competitive and reimbursement pressure on
community pharmacy, Walgreens is focusing
on the core of the business, dispensing
prescription medication and serving consumer
shopping needs at the front of the store.
In our Retail Pharmacy International division,
Boots is seeking to develop its omni-channel
capabilities and innovate through its future
pharmacy model to enhance revenue
and margins. And in our Pharmaceutical
Wholesale division, Alliance Healthcare
is striving to improve performance not
only from a more integrated model, but
also from market consolidation, and by
reaching an increasingly global scale
through strategic partnerships including
our innovative long-term strategic relationship
“ Partnership is absolutely integral to how we run our company
and interact with stakeholders and other organizations, and
is the true cornerstone of our long-term success.”