Charles R. Walgreen III (1935–2016) was an American businessperson.

Biography

Walgreen, grandson of Charles Walgreen Sr., who founded the Walgreens drugstore chain in 1901, began his career with the company as a stock boy in 1952.[1][2] He earned a pharmacy degree from the University of Michigan in 1958 and returned to Walgreens, rising through the ranks to become president in 1969, CEO in 1971, and chairman in 1976.[1][3]

During his tenure, Walgreen doubled the company's store count to over 1,200, shifted its focus to pharmacy, and divested from non-core businesses.[1] He stepped down as CEO in 1998, retired as chairman in 1999, and left the board in 2010.[1][2]

In 2004, Walgreen donated $2 million to the University of Michigan College of Pharmacy to endow a professorship focused on researching the socioeconomics of health care policies.[1]

Walgreen died in 2016.[4][5][6]

References

  1. 1 2 3 4 5 "Charles R. Walgreen III, oversaw growth of chain started by grandfather, dies". Chicago Tribune. September 26, 2016.
  2. 1 2 "Former Walgreen's boss dies; was married to local woman". Democrat and Chronicle.
  3. ↑ "Charles R. Walgreen III - Leadership - Harvard Business School". www.hbs.edu.
  4. ↑ "Walgreen who led drug chain for nearly 40 years dies". USA TODAY.
  5. ↑ "Charles Walgreen III, who led family pharmacy chain, dies at 80". Washington Post. 2023-04-12. ISSN 0190-8286. Retrieved 2023-08-22.
  6. ↑ "Former Walgreens CEO has died". www.bizjournals.com. Retrieved 2023-08-22.
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