Walgreen's top financial officer is leaving the largest U.S. drugstore chain as it nears a key decision about its future that could involve a politically touchy overseas reorganization.
Walgreen said Monday it will replace Wade Miquelon with former Kraft Foods executive Timothy McLevish as executive vice president and chief financial officer, effective immediately.
Miquelon, 49, had served as a senior leader in the drugstore chain's multibillion-dollar collaboration with Swiss health and beauty retailer Alliance Boots. He had joined the board of Alliance Boots, which runs the largest drugstore chain in the United Kingdom. A Walgreen spokesman said Miquelon was not terminated and would continue to work temporarily for Walgreen as an adviser, but he is leaving the board of Alliance Boots.