VillageMD CEO Tim Barry has stepped down, with COO Jim Murray appointed as interim CEO. This change comes amid significant profitability challenges for parent company Walgreens Boots Alliance, which reported an $8.6 billion net loss in FY24 and plans to close 1,200 stores by 2027. Walgreens has indicated that investments in VillageMD are not yielding expected returns, with the healthcare unit losing $134 million last year.
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