Walgreens (WAG) Appoints Former McDonald's (MCD) CEO Skinner as non-Exec Chairman

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Walgreens (NYSE: WAG) announced today, consistent with its board of directors succession and rotational planning process, the appointment of James A. Skinner, Walgreens board member since 2005 and recently retired McDonalds (NYSE: MCD) chief executive officer, as the new non-executive chairman of the board of Walgreens. Skinner will succeed Al McNally, who has served on the Walgreens board since 1999 and as non-executive chairman since 2009. McNally will continue serving on the Walgreens board.

McNally served as the Walgreens board’s first lead director, beginning in January 2008. He subsequently served as chairman and acting CEO, and as non-executive chairman since 2009. He previously served as chief executive officer of Harris Bank from 1993 to 2002 and chairman of the board of Harris Financial Corporation from 1998 to 2006.

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