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Walgreens donates $50,000 to Hawaiian pharmacy school

BY DSN STAFF

HILO, Hawaii Following the November 2007 opening of its first store in Hawaii, Walgreens presented the University of Hawaii at Hilo’s new College of Pharmacy with an oversized check for $50,000 Saturday.

Walgreens opened its first store on Keeaumoku Street in Honolulu and plans to add 25 to 30 more stores throughout the state.

Walgreens’ gift, presented without restrictions, will fund activities in the college, which is Hawaii’s first accredited pharmacy program. The first class of 90 students began last August and is expected to finish in 2011. The second class, also of 90 students, will begin this August, and the college hopes to enroll 350 students over the next four years.

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American Greetings signs deal with Kathy Davis

BY Doug Desjardins

CLEVELAND American Greetings has signed a deal with Kathy Davis Studios to exclusively distribute the artist’s designs across a range of products starting in 2009.

The Kathy Davis Collection will debut in Spring 2009 in all American Greetings and Carlton Cards stores. “Her inspiring verse and beautiful art resonate with consumers who are looking for something original and to-date,” said American Greetings vice president of greeting cards Steve Laserson. “This partnership provides a valuable addition to our product offerings.”

Davis began her career in the greeting card business in 1990 and has since become an industry-leading writer, artist and designer whose work appears in cards, apparel, books and home decor.

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Walgreens taps outsider to head finance, boosting Rudolphsen to risk management

BY Jim Frederick

DEERFIELD, Ill. Walgreens announced this afternoon it has named Wade Miquelon senior vice president and chief financial officer, effective June 16. He will replace William M. Rudolphsen, who has been named to the new role of senior vice president and chief risk officer.

Miquelon, 43, will report to chairman and chief executive officer Jeff Rein. One of the relatively few high-level Walgreens executives hired from outside the company instead of coming up through the ranks, the new chief financial officer comes from Springdale, Ark.-based Tyson Foods, Inc., the world’s largest processor and marketer of chicken, beef and pork, where he was an executive vice president and chief financial officer since 2006.

Prior to that, Miquelon spent 16 years with The Proctor & Gamble Company, the world’s largest consumer goods product company. At P&G, Miquelon was assigned to the company’s headquarters in Cincinnati and offices in Bangkok, Singapore and finally Geneva, Switzerland, where he was general manager and head of finance for Western Europe operations.

“Wade brings an excellent combination of financial knowledge, strategic thinking and operational experience, including mergers and acquisitions, that will serve us well,” said Rein. “He also has a strong background in consumer products and marketing, and is a solid leader with top communication skills. I’ve enjoyed getting to know Wade and believe he’ll be a good fit for us in this key role.”

As chief financial officer, Miquelon will oversee accounting, tax and treasury functions, including investor relations.

Rudolphsen, 53, becomes Walgreens’ first chief risk officer and will continue reporting to Rein. He will oversee the audit, loss prevention, compliance and enterprise risk management functions.

“Bill’s 31 years with Walgreens give him the deep knowledge of our company’s operations and financial sophistication needed for this position,” said Rein. “The CRO position is fast becoming a best practice among large companies.

“Given our size, complexity and the highly regulated industry in which we operate, separating the financial and audit functions and increasing our focus on risk identification and mitigation is a prudent move,” Rein added. “We’re glad to have a person of Bill’s caliber and integrity in such a role.”

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