Walgreens Boots Alliance announces CFO transition
Walgreens Boots Alliance announced the departure of James Kehoe, executive vice president and global chief financial officer. Kehoe will leave WBA in mid-August to pursue an opportunity in the technology sector.
Manmohan Mahajan, senior vice president, global controller, has been named interim global chief financial officer while the company conducts a search to fill the role.
Rosalind Brewer, CEO, acknowledged Kehoe’s impact on the company saying, “James has been a valuable member of my executive leadership team and has made significant contributions over his five years with the company. As we articulated the future vision of Walgreens Boots Alliance to become a leading healthcare company, James helped build a strong Finance organization. We wish him well in his next role.”
[Read more: Walgreens taps Monica Reed as VP of Walgreens Health Centers strategy and operations]
Brewer continued, “I am confident in Manmohan as he steps into the interim role while we launch a search for a new Global Chief Financial Officer. We will continue to deliver sustainable value to our customers, communities, partners, and shareholders as Manmohan is a well-known and well-respected senior leader both with our Board and throughout our company.”
“It has been a privilege working with the board, CEO Roz Brewer, and the leadership team of WBA. I am proud of the work we’ve done together. WBA is positioned well for continued success. Manmohan is a talented leader who will do a remarkable job leading the financial functions in the interim,” Kehoe said.
Mahajan joined Walgreens Boots Alliance in 2016 where he has held several global senior roles in finance, including vice president, assistant global controller. Prior to WBA, Mahajan was with GE Capital, where he served in positions of increasing responsibility over 13 years, most recently serving as controller at GE Capital Americas.
[Read more: Rina Shah assumes new role at Walgreens]
With the appointment of Mahajan as interim global chief financial officer, Todd Heckman has been named interim global controller. Heckman currently serves as vice president, assistant controller, and has been with WBA for seven years. Prior to WBA, he held several roles with Exelon Corporation, Ernst & Young and Grant Thornton.
“I am proud of the agility and resilience of our team and their ability to stay focused on serving our customers and delivering results. I have every confidence in our ability to continue executing our healthcare transformation and growth strategy,” Brewer said.