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Walgreen

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Executive Summary

Senior VP and Treasurer Daniel Jorndt, 48, named president and chief operating officer. He succeeds Fred Canning, 65, who is retiring Feb. 1. Charles Hunter, exec VP, is named vice chairman and will continue as chief financial officer. Firm announces Oct. 11 that fiscal 1989 prescription revenues rose 20% to $1.6 bil. Pharmacy operations made up 30% of overall sales, which were $5.4 mil. Firm opened 89 new stores in fiscal 1989 (ended Aug. 31) and renovated 157 stores, including 99 pharmacies. Plans call for 180 remodelings in fiscal 1990.

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