Charles Walgreen III

American businessperson

Charles R. Walgreen III (1935–2016) was an American businessperson.

## Biography

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Walgreen, grandson of Charles Walgreen Sr., who founded the Walgreens drugstore chain in 1901, began his career with the company as a stock boy in 1952.[1][2] He earned a pharmacy degree from the University of Michigan in 1958 and returned to Walgreens, rising through the ranks to become president in 1969, CEO in 1971, and chairman in 1976.[1][3]

During his tenure, Walgreen doubled the company's store count to over 1,200, shifted its focus to pharmacy, and divested from non-core businesses.[1] He stepped down as CEO in 1998, retired as chairman in 1999, and left the board in 2010.[1][2]

In 2004, Walgreen donated $2 million to the University of Michigan College of Pharmacy to endow a professorship focused on researching the socioeconomics of health care policies.[1]

Walgreen died in 2016.[4][5][6]

## References

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1. ^ a b c d e "Charles R. Walgreen III, oversaw growth of chain started by grandfather, dies". Chicago Tribune. September 26, 2016.
2. ^ a b "Former Walgreen's boss dies; was married to local woman". Democrat and Chronicle.
3. ^ "Charles R. Walgreen III - Leadership - Harvard Business School". www.hbs.edu.
4. ^ "Walgreen who led drug chain for nearly 40 years dies". USA TODAY.
5. ^ "Charles Walgreen III, who led family pharmacy chain, dies at 80". Washington Post. 2023-04-12. ISSN 0190-8286. Retrieved 2023-08-22.
6. ^ "Former Walgreens CEO has died". www.bizjournals.com. Retrieved 2023-08-22.