Roz Brewer, who is one of the world’s highest-ranking Black executives, and the first Black executive to hold a position at an S&P 500 company has recorded a substantial decline in the market value of her stake in Walgreens Boots Alliance (Walgreens).
According to data tracked by Billionaires.Africa, Brewer, who served as the CEO of Walgreens until Sept. 2023 when she stepped down from her role, has seen the market value of her 0.043-percent stake in Walgreens slump by $3.71 million since July 26, due to the recent decline in the company’s shares.
Walgreens shares dip 32.54 percent, market cap slumps below $19 billion
Walgreens Boots Alliance, a U.S. holding company headquartered in Deerfield, Illinois, owns and operates the well-known retail pharmacy chains Walgreens in the United States, Boots in the UK, and several pharmaceutical manufacturing and distribution companies — the company’s current market capitalization stands at $18.01 billion.
Walgreens’ share price on Nasdaq has witnessed a significant decline of 32.54 percent in recent times, falling from $30.5 on July 26 to $20.81 at the time of writing this report — thus pushing its market capitalization below $19 billion.
Market value of Roz Brewer’s stake in Walgreens slumps below $8 million
Brewer made history on March 15, 2021, becoming the first Black executive to helm an S&P 500 company as CEO of Walgreens Boots Alliance — solidifying her impactful presence in the business world.
Her career has been marked by a track record of success in leading large, complex global organizations, implementing marketing, technology, and innovation initiatives in large-scale operations, and championing diversity and inclusion initiatives in large organizations.
Apart from her executive and governance roles, Brewer is a strategic investor, and her investment portfolio includes a minority 0.043-percent stake in Walgreens Boots Alliance, which translates to a total of 369,945 shares.
As a result of the double-digit decline in Walgreens shares, the market value of Brewer’s stake has decreased by $3.71 million, declining from $11.41 million on July 26 to $7.69 million at the time of writing. Even amid this recent decline, Brewer continues to stand out as one of the most prominent and affluent Black executives in both the United States and globally