Walgreen Co. has appointed Wade D. Miquelon as senior vice president and chief financial officer, bringing in a seasoned finance executive from Tyson Foods to oversee accounting, tax and treasury functions. The move, effective June 16, follows a string of senior-level financial shifts at the Deerfield drugstore chain.
Wade D. Miquelon joins Walgreens after serving as executive vice president and chief financial officer at Tyson Foods. He brings nearly two decades of consumer goods finance experience from an earlier tenure at Procter & Gamble, where he held multiple senior roles from 1989 to 2006, including vice president of finance for Western Europe. At P&G he also led finance and accounting for the ASEAN, Australasia and India region and participated in venture and business development initiatives.
The company named long-time finance executive William Rudolphsen to a newly created senior vice president and chief risk officer role. Rudolphsen, a 31-year Walgreen veteran who had been CFO since 2004, will continue reporting to chairman and chief executive Jeffrey A. Rein and will oversee audit, loss-prevention, compliance and enterprise risk management. Walgreen framed the change as a best-practice separation of financial stewardship and risk oversight given the companys size and the regulatory complexity of the retail pharmacy sector.
Miquelon’s appointment underscores Walgreen’s focus on strengthening financial leadership during a period of strategic growth and regulatory scrutiny. His background at major multinational consumer businesses positions him to manage the companys global finance operations and to support capital allocation and fiscal discipline.
Beyond his corporate roles, Miquelon has been active in broader retail and corporate governance. He has served as a director at Acadia and later assumed the presidency and chief executive role at Jo-Ann Stores, LLC, bringing operational and boardroom experience to his finance portfolio. Industry observers say executives with combined private-sector finance and international operating experience are well suited to navigate the shifting margins and regulatory demands facing large pharmacy chains.
Walgreen’s decision to recruit an external finance chief from a large food processor signals a preference for deep finance and operations experience as the company adapts to evolving market and regulatory dynamics.
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