Walgreens Names Jason Dubinsky Treasurer

Walgreens (NYSE, NASDAQ: WAG) today announced the appointment of Jason Dubinsky as divisional vice president and treasurer. Dubinsky, 36, will join Walgreens Aug. 24 from The Goldman Sachs Group, Inc. in Chicago, where he served as vice president of investment banking in the division’s consumer retail group.

At Walgreens, Dubinsky will oversee all financing, banking and investing activities for the nation’s largest drugstore chain. Additionally, he will be responsible for corporate risk management and partnering on investor relations matters.

“Jason’s background in both public accounting and investment banking makes him an exceptional choice to lead our treasury department and corporate risk management practice,” said Walgreens President and CEO Greg Wasson. “Jason also brings a strong background in retail, top-notch strategic thinking and creative skills, and a great spirit of collaboration.”

Dubinsky has more than 12 years of finance, accounting and investment experience. He spent the last three years at Goldman Sachs, a $64.5 billion global bank holding company, where he led merger and acquisition transactions, and managed strategic advisory and financing assignments for corporate clients in the retail and consumer sectors. Previously, Dubinsky served as vice president of investment banking at Lehman Brothers and was with the firm from 2000-2006. Prior to that, he held a senior accountant position with Arthur Andersen in New York.

Dubinsky earned an MBA in finance and management from New York University’s Leonard Stern School of Business in 2000, as well as a bachelor of business administration degree in accounting and finance from the University of Michigan in 1995.

Dubinsky replaces John Spina, who was promoted last month to Walgreens corporate vice president of retail integration and new format development.

Walgreens (www.walgreens.com) is the nation’s largest drugstore chain with fiscal 2008 sales of $59 billion. The company operates 6,943 drugstores in all 50 states, the District of Columbia and Puerto Rico. Walgreens provides the most convenient access to consumer goods and services and cost-effective pharmacy, health and wellness services in America through its retail drugstores, Walgreens Health Services division and Walgreens Health and Wellness division. 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). Walgreens Health and Wellness Division includes Take Care Health Systems, the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.