Walgreen CFO's Departure Due To $1 Billion Forecasting Error : WSJ

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Walgreen CFO's Departure Due To $1 Billion Forecasting Error : WSJ

Walgreen CFO's Departure Due To $1 Billion Forecasting Error : WSJ
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Walgreen CFO's Departure Due To $1 Billion Forecasting Error : WSJ

by Wochit 0:50 mins

Walgreen CFO's Departure Due To $1 Billion Forecasting Error : WSJ

by Wochit 0:50 mins

The Wall Street Journal reports that drugstore retailer Walgreen Company's Chief Financial Officer, Wade Miquelon, and another top executive have lost their jobs, after a $1 billion forecasting error in the company's Medicare-related business. Walgreen named Kraft Foods Group Incorporated's former CFO, Timothy McLevish, to replace Miquelon on August 4th. Miquelon will continue as an advisor to assist the company with its strategic partnership with Alliance Boots Holding Limited.

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