Walgreens Promotes Ken Amos to Divisional Vice President of Loss Prevention; Names Tom Grayson Vice President of Pharmacy Acquisitions

Business Wire, May 1, 2008

DEERFIELD, Ill. -- Walgreens (NYSE:WAG)(NASDAQ:WAG) today promoted Kenneth E. Amos from director to divisional vice president of loss prevention. The company also named William T. (Tom) Grayson to the new position of vice president of pharmacy acquisitions. Previously, Grayson was a vice president of store operations.

"Ken's new position recognizes the growing importance of loss prevention to our business," said Walgreens Chairman and CEO Jeffrey A. Rein. "Under his direction, Walgreens has become a leader working with other retailers and law enforcement in fighting organized retail crime. Ken looks at loss prevention from a realistic, business view and trains our staffs to prevent problems, as opposed to reacting once they occur."

Amos joined Walgreens in 1973 as a stock clerk while he was in high school. After graduating from the University of Kentucky with a B.A. degree in journalism in 1978, he continued working for the company and was named a store manager in 1981. He was promoted to a district manager in 1990 and named director of loss prevention in 2002.

Grayson, in his new role, will direct Walgreens pharmacy acquisitions through prescription file buyouts and purchases of smaller drugstore chains. Last year, Walgreens completed 200 pharmacy file and store acquisitions and expects to complete more this year.

"These transactions work out well for both us and the local pharmacy owner," said Rein. "Tom's pharmacy and operations background will help us find the right opportunities and ensure smooth transitions for these new patients and employees."

Grayson joined Walgreens in 1968 after earning his pharmacy degree from Samford University, Birmingham, Ala. He became a store manager in 1972 and was promoted to a district manager in 1989 and to a vice president of store operations in 2003.

Walgreens is the nation's largest drugstore chain with fiscal 2007 sales of $53.8 billion. The company operates 6,271 stores in 49 states, the District of Columbia and Puerto Rico. Walgreens is expanding its patient-first health care services beyond traditional pharmacy through Walgreens Health Services, its managed care division, and Take Care Health Systems, a wholly owned subsidiary that manages 163 convenient care clinics at Walgreens drugstores. Walgreens Health Services assists pharmacy patients and prescription drug and medical plans through Walgreens Health Initiatives Inc. (a pharmacy benefit manager), Walgreens Mail Service Inc., Walgreens Home Care Inc., Walgreens Specialty Pharmacy LLC and SeniorMed LLC (a pharmacy provider to long-term care facilities). More information about Walgreens is available at Walgreens.com.