Shares of Walgreens Boots Alliance Inc. WBA, +0.42% were down 0.2% in premarket trading on Monday after the pharmacy chain said CEO Stefano Pessina was stepping down.
The board is currently conducting a search for his successor. Pessina, who was formally named CEO in 2015, has been named executive chairman, and the former executive chairman James Skinner will step down from that role.
Walgreens’ stock is down 31.3% for the year, while the S&P 500 SPX, -0.61% is down 0.4%.
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