Labor & Employment

Sigurdur Olafsson brings to the position more than 25 years of pharmaceutical industry experience, including his two years as president and CEO of global generic medicines at Teva from 2014 to 2016.

Under the Asset Purchase Agreement, WBA will purchase a total of 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4.4 billion.

The warehouse club chain took the No. 1 spot by paying well above the typical salary that other retail companies pay, even for entry-level workers, according to Indeed.

The Lakeland, Fla.-based company's stock price increased to $41.40 per share, and its sales for the quarter decreased by 2.1% to $8.9 billion.

MAC Cosmetics will be led by Philippe Pinatel, who joins the Estée Lauder brand from Birchbox, where he was president and COO.

The specialty pharmacy’s earnings report caps a full year for Diplomat, during which its rejiggered business strategy was accompanied by the retirement of longtime CEO and co-founder Phil Hagerman.

The deep-discounter, which operates 391 stores, named its head merchant and marketer, CEO in the wake of the position holder's retirement.

The Spartanburg, S.C.-based company on Monday named erstwhile chief technology officer Kevin Welch to lead its technology solutions and named Saul Factor, who was president of QS/1, to lead its Smith Drug and Burlington Drug wholesale distribution units.