The private equity firm Sycamore Partners has completed its acquisition of Walgreens, ending the drugstore chain's run as a publicly traded company.

The deal’s closure also comes with a raft of leadership changes. Mike Motz, the former CEO of Staples U.S. Retail, has been appointed as Walgreens CEO effective immediately.

Mike Motz has been named CEO of Walgreens, replacing Tim Wentworth, who will continue to serve as an ongoing director.

Learn how guaranteed payments to partners work, their tax implications, and how they safeguard partners regardless of ...

Private equity firm Sycamore Partners finalized its acquisition of retail pharmacy giant Walgreens and plans to split the ...