Mike Motz is the CEO of Walgreens, America’s second-largest pharmacy chain. Motz was appointed CEO on August 28, 2025, the same day private equity firm Sycamore Partners completed its approximately $10 billion acquisition of Walgreens Boots Alliance, taking the nearly 100-year-old company private. A Canadian-born retail veteran who began working at age 14 at Miracle Food Mart, Motz brings over three decades of pharmacy and retail leadership experience, including 14 years at Shoppers Drug Mart (Canada’s largest pharmacy chain), a stint as COO of Loblaw Companies, and six years as CEO of Staples US Retail, another Sycamore portfolio company.

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Mike Motz — Quick Facts

Walgreens Competitors

Walgreens operates in the highly competitive U.S. pharmacy retail industry. The key competitors of Walgreens include:

• CVS Health — largest U.S. pharmacy chain (~9,000 locations), also owns Aetna insurance
• Rite Aid — third-largest U.S. pharmacy chain (emerged from bankruptcy in 2024)
• Walmart Pharmacy — pharmacy departments across ~4,600 Walmart stores
• Amazon Pharmacy — rapidly growing online and delivery pharmacy service
• Kroger Health — pharmacy operations within Kroger grocery stores
• Costco Pharmacy — pharmacy services across Costco warehouse locations
• Boots (formerly part of WBA) — UK’s largest pharmacy chain, now a separate Sycamore entity

Mike Motz Net Worth 2026 — Walgreens CEO Salary

As Walgreens is now a privately held company under Sycamore Partners, Mike Motz’s compensation is not publicly disclosed. However, based on industry benchmarks for private equity-backed retail CEO positions and the scale of Walgreens’ operations (~$148 billion in pre-private revenue), compensation analysts estimate his total package falls in the range of $5–10 million or more annually, inclusive of base salary, performance bonuses, and equity incentives tied to the Walgreens turnaround.

For context, Motz’s predecessor Tim Wentworth earned approximately $13.3 million in total compensation during FY2024 when Walgreens was still public, including a $1.29 million base salary and $11.6 million in stock awards.

Estimated CEO Compensation (Industry Benchmark)

Walgreens Net Worth 2026 — Financial Summary

Walgreens Boots Alliance reported $147.7 billion in revenue for fiscal year 2024 (ending August 31, 2024), its last full fiscal year as a public company. Following the August 2025 acquisition by Sycamore Partners, Walgreens was separated from Boots, VillageMD, CareCentrix, and Shields Health Solutions, with each entity now operating independently.

Walgreens Financial Overview

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Walgreens CEO Email Address | Mike Motz Contact

Below are the official contact details for Walgreens and CEO Mike Motz:

Career & Education — Company, University, & College

Mike Motz’s career spans over three decades in the pharmacy, grocery, and retail industries across Canada and the United States. Known for his hands-on operational expertise, Motz began his retail career at age 14 and worked his way up through multiple iconic retail brands before being tapped by Sycamore Partners to lead Walgreens’ turnaround.

Mike Motz Career Timeline

Motz spent the first phase of his career across several Canadian retail and consumer goods companies, including Knechtel, AC Nielsen, Oshawa Group, and Sobeys, where he built expertise in merchandising, business analytics, and store operations.

His career breakthrough came at Shoppers Drug Mart, Canada’s No. 1 pharmacy chain, where he spent 14 years rising through increasingly senior roles. He joined in 2003 as Vice President of Operations, was promoted to Executive Vice President and Chief Merchandising Officer, and ultimately became President of Shoppers Drug Mart. His tenure overlapped with Loblaw Companies’ 2014 acquisition of Shoppers, after which he served as COO of Loblaw Companies’ retail divisions.

In 2019, Motz was recruited by Sycamore Partners to serve as CEO of Staples US Retail, which Sycamore had taken private in 2017. He led a significant transformation of the Staples retail footprint over six years, which positioned him as Sycamore’s trusted operator for the much larger Walgreens turnaround.

Education

Motz attended the prestigious University of Toronto Schools for his secondary education and earned a Bachelor of Commerce degree from the University of Toronto. His career has been defined more by operational expertise built through decades of hands-on retail experience than by academic credentials, a journey that began with his first job at age 14 in a Canadian grocery store.

Mike Motz Wiki — Age, Family, & Personal Life

Walgreens CEO Mike Motz is 61 years old as of 2026. He is Canadian and resides in Burlington, Ontario, Canada. Motz maintains a notably private personal life, and details about his spouse and family are not publicly available.

Outside his corporate role, Motz serves on the board of directors of Metro Inc., one of Canada’s leading food and pharmacy retailers, where he is a member of the Audit Committee. He was also inducted into the Canadian Grocery Business Hall of Fame, recognizing his significant contributions to the Canadian retail and pharmacy industry.

Key Facts About Mike Motz

• Started working at age 14 — His first job was at Miracle Food Mart in Canada, sparking a lifelong career in retail
• 14 years at Shoppers Drug Mart — Rose from VP of Operations to President of Canada’s largest pharmacy chain
• Sycamore Partners’ go-to operator — Successfully led Staples US Retail for six years before being tapped for the much larger Walgreens assignment
• Metro Inc. Board Member — Serves as an independent director on Metro’s board and Audit Committee
• Canadian Grocery Business Hall of Fame inductee
• Leading the largest PE-backed pharmacy turnaround — Walgreens is the biggest retail company ever taken private by a PE firm

The Sycamore Partners Acquisition — How Walgreens Went Private

On August 28, 2025, Sycamore Partners completed its acquisition of Walgreens Boots Alliance for a total transaction valued at up to $23.7 billion. WBA shareholders received $11.45 per share in cash, plus a non-transferable right to receive up to an additional $3.00 per share from the future monetization of WBA’s interests in VillageMD. Stefano Pessina and his family reinvested 100% of their interests in WBA as part of the deal.

Following the acquisition, WBA was split into five standalone entities:

• Walgreens — U.S. pharmacy retail (Mike Motz, CEO)
• The Boots Group — UK/international pharmacy operations
• Shields Health Solutions — specialty pharmacy
• CareCentrix — home health services
• VillageMD — primary care clinics

WBA common stock ceased trading on the NASDAQ, ending the company’s nearly 100-year run as a publicly traded company. John Lederer, a former WBA director and senior advisor to Sycamore, was named Executive Chairman of Walgreens.

About Walgreens

Walgreens is an American pharmacy retail company headquartered in Deerfield, Illinois. Founded in 1901 by Charles R. Walgreen Sr. in Chicago, it grew over more than a century to become America’s second-largest pharmacy chain. As of early 2026, Walgreens operates approximately 7,960 stores across the United States, down from about 8,500 before the Sycamore acquisition as part of an ongoing store optimization program.

The company fills hundreds of millions of prescriptions annually and serves as a critical healthcare access point for communities across the United States. Under Sycamore’s ownership, Walgreens is undergoing an aggressive restructuring with a shift toward pharmacy-centric operations and a leaner store footprint.

Walgreens CEO History

Frequently Asked Questions (FAQ)

Article last updated:March 2026March 3, 2026