Home » Leading Black executive Roz Brewer earns $14.1-million salary from Walgreens

Leading Black executive Roz Brewer earns $14.1-million salary from Walgreens

Beyond the figures: Brewer's 2023 compensation story and its 18.24-percent retreat

by Omokolade Ajayi
Roz Brewer

Roz Brewer, one of the world’s highest-ranking Black CEOs, received a compensation package of $14.13 million from Walgreens Boots Alliance for her contributions to the financial success of the Illinois-based group in 2023.

Rosalind Gates Brewer, widely known as “Roz Brewer,” achieved a significant milestone by becoming the first Black executive to hold a position at an S&P 500 company when she became the CEO of Walgreens Boots Alliance on March 15, 2021. 

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.

Roz Brewer’s 2023 compensation package sees an 18.24-percent downturn

While Brewer’s 2023 compensation package is substantial, it represents an 18.24 percent decrease from the previous year’s total reward of $17.3 million. The salary package includes a base salary of $1.5 million. However, she received no performance-based short-term incentive after she stepped down in September 2023 — marking a two-year tenure at the helm of Walgreens.

Walgreens Boots Alliance, headquartered in Deerfield, Illinois, is a leading group that owns and operates renowned retail pharmacy chains, including Walgreens in the United States and Boots in the UK, in addition to several pharmaceutical manufacturing and distribution companies.

In recognition of her unwavering dedication, extensive experience, business acumen, and leadership prowess, Brewer received a long-term incentive award amounting to $10.64 million from the Illinois-based group in 2023.

Beyond boardrooms: Roz Brewer’s $9.3-million stake in Walgreens Boots Alliance

Brewer’s story is one of resilience, vision, and dedication to making a positive impact. Her leadership in the retail and healthcare industries has left an indelible mark, and her future endeavors are sure to be just as groundbreaking.

Her career is a testament to shattering glass ceilings and driving impactful change. Her leadership played a pivotal role in guiding Walgreens Boots Alliance through a critical period, while her prior experience at Starbucks solidified her reputation as a visionary executive.

Apart from her executive and governance roles, Brewer owns a minority 0.043-percent stake in Walgreens Boots Alliance, which translates to a total of 369,945 shares — a stake presently valued at $9.3 million.

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