Walgreen Co.

Deerfield, Ill. - Walgreens Boots Alliance Inc. has named George Fairweather, formerly group finance director of Alliance Boots, as executive VP and global CFO, effective Feb. 20. Fairweather will succeed Timothy McLevish, who served as Walgreens CFO since August 2014, where he oversaw the merger with Alliance Boots to form Walgreens Boots Alliance and served as the initial global CFO of the combined companies.

Walgreens Boots Alliance Inc. has appointed George Fairweather, formerly group finance director of Alliance Boots, as executive vice president and global chief financial officer, effective Feb. 20.

Fairweather will succeed Timothy McLevish, who served as Walgreens CFO since August 2014, where he advanced the company’s completion of its merger with Alliance Boots to form Walgreens Boots Alliance and served as the initial global chief financial officer of the combined companies.

(L-R) Target's Brian Cornell and Walgreens' Alexander Gourlay

New York -- The Retail Industry Leaders Association announced that top executives from Target, Walgreens and Cabela’s have joined the association’s board of directors.

RILA announced four new members of its board, including Target chairman and CEO Brian Cornell, Walgreens president Alexander Gourlay, Cabela’s president and CEO Thomas Millner and Newell Rubbermaid president and CEO Michael Polk.

Deerfield, Ill. - Thomas Sabatino Jr., executive VP, global chief legal and administrative officer, Walgreens Boots Alliance, will be leaving the company to join Hertz Global Holdings effective Feb.9. Sabatino will join Hertz Global Holdings as senior executive VP, chief administrative officer and general counsel.

Sabatino will remain in his current role with Walgreens Boots Alliance through the end of January to ensure a smooth transition of his current responsibilities. The company expects to announce his successor at that time.

Walgreens Boot Alliance will be looking to fill some big shoes, as Thomas Sabatino Jr., executive VP, global chief legal and administrative officer, will be leaving the company to join Hertz Global Holdings effective Feb.9.

Sabatino will join Hertz Global Holdings as senior executive VP, chief administrative officer and general counsel.

Sabatino will remain in his current role with Walgreens Boots Alliance through the end of January to ensure a smooth transition of his current responsibilities.

New York -- Teen retailers had a “less dreadful” holiday selling season than was anticipated. That’s how analysts are tempering the news that banners such as American Eagle Outfitters, Aeropostale and Urban Outfitters posted stronger-than-expected holiday results, released by most on Thursday.

In fact, say industry watchers, the strong sales figures look pretty shiny because they are exaggerated by pre-season low expectations, which were dragged down by fears of aggressive discounting and waning mall traffic.

By Ulf Mattsson, Protegrity