Walgreens Boots Alliance Inc. (Nasdaq: WBA) introduced the appointment of former Humana Inc. (NYSE: HUM) Chief Medical Officer (CMO) Dr. William H. Shrank to its board of administrators as the corporate continues its strategic shift towards healthcare companies.

At the moment, Dr. Shrank is a Enterprise Companion on the Bio + Well being crew at Andreesen Horowitz, a personal enterprise capital agency primarily based in Menlo Park, California. Along with his position as CMO at Humana, he served as Chief Scientific Officer and CMO of Supplier Innovation at CVS Well being (NYSE: CVS). He additionally held a place on the Heart for Medicare and Medicaid Innovation, a part of the Facilities for Medicare & Medicaid Companies, as Director of the Analysis and Speedy-Cycle Analysis Group.

“Dr. Shrank is a strategic, skilled healthcare chief and I’m proud to have him on our board as we execute our turnaround plan for our enterprise,” Walgreens CEO Tim Wentworth stated in a press launch. “Because the healthcare and retail landscapes proceed to evolve and we deepen our focus and sharpen our execution, I’m assured his background will assist us improve the worth of neighborhood pharmacy and unlock alternatives for our long-term technique.”

Walgreens has centered on healthcare companies in recent times, notably underneath Wentworth. The corporate now has its US Healthcare division, which incorporates main care supplier VillageMD and post-acute care platform CareCentrix.

“I’m happy to welcome Dr. Shrank to the WBA Board of Administrators,” Walgreens Govt Chairman Stefano Pessina stated in the identical press launch. “I stay up for working with Dr. Shrank and know that his medical and enterprise insights, expertise and patient-focused strategy can be a powerful asset to WBA, creating long-term worth for our sufferers, prospects and shareholders.”

Dr. Shrank started his profession as a training doctor at Brigham and Girls's Hospital in Boston and as an assistant professor at Harvard Medical Faculty. He acquired his BA in Psychology from Brown College and an MD from Cornell College Medical Faculty. He additionally holds an MS in Well being Companies from the College of California, Los Angeles.

“I’ve seen firsthand the belief and relationships sufferers have with their pharmacists, and the vital position pharmacies play because the entrance door to the healthcare system in most communities,” Dr. Shrank stated within the press launch. “Walgreens and Boots are trusted manufacturers, and I’m honored to have the chance to work with WBA’s management and board of administrators to advance the corporate’s imaginative and prescient and technique to remodel the supply of healthcare.”