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Walgreens Boots Alliance CEO Rosalind Brewer has stepped down, the pharmacy chain operator said on Friday, less than three years after the former Starbucks executive took the top job.

Brewer’s departure was part of a mutual decision, Walgreens said, without providing further details, after a tenure that saw the company’s share price nearly cut in half as it tried to broaden its reach as a health care provider.

Walgreens named lead independent director Ginger Graham as interim chief while it searches for a permanent replacement.

Walgreens shares hit a 52-week low of $23.39 before closing at $23.43, down 7.4%.

The company’s shares have been pummeled all year, down 37% as its pharmacy unit has been hit by a steeper-than-expected fall in demand for COVID tests and vaccines.

The stock is down roughly 50% since March 2021, when Brewer joined the company from Starbucks.

Walgreens made a series of deals during her tenure to push deeper into health care and pivot from its core pharmacy business by operating doctors’ offices and offering more services.

However, the company earlier this year warned that weak spending trends could continue into 2024.

Still, the timing of the announcement will likely take many by surprise, said Evercore ISI analyst Elizabeth Anderson, though she said the event itself was not surprising due to the underperformance of the stock.

“With the increased focus on growing the Walgreens Healthcare segment … it makes sense to retrench and search for a new leadership team with more extensive backgrounds in health care services,” Anderson added.

Brewer was one of the few black CEOs among the Fortune 500 list of America’s largest companies.

She will receive a $9 million severance and remain as a special adviser through February 2024 that will pay her a monthly consulting fee of $375,000, Walgreens said.

The pharmacy chain operator said it expects full-year 2023 adjusted earnings per share to be at or near the low end of its prior forecast.

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Cincinnati delivers 1st loss to No. 14 Iowa State

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Cincinnati delivers 1st loss to No. 14 Iowa State

CINCINNATI — Brendan Sorsby passed for 214 yards and two touchdowns, Evan Pryor ran for 111 yards and two TDs and Cincinnati used a 17-point first quarter to beat No. 14 Iowa State 38-30 on Saturday.

The Bearcats (4-1, 2-0 Big 12) beat a ranked opponent at home for the first time since beating No. 16 Houston 35-20 on Dec. 4, 2021.

The Cyclones (5-1, 2-1) trailed 31-7 with 1:08 left in the second quarter before rallying to get within eight with 1:56 left in the game. Cincinnati recovered an onside kick to end the threat.

“It’s a different team,” Bearcats coach Scott Satterfield said, simply, when asked the difference between last year’s 5-7 team and this year’s roster. “It’s different players.”

Rocco Becht passed for 314 yards and two touchdowns and ran another two in for the Cyclones.

Sorsby’s 82-yard touchdown pass to Caleb Goodie in the fourth quarter was the Bearcats’ longest pass play since 2015.

Iowa State, one of the least penalized teams in the country, had five penalties for 35 yards in the first half. The Cyclones jumped offside on third down to extend the Bearcats’ opening drive, which led to a 30-yard TD run from Pryor for the game’s first score.

The Cyclones went on to take a 17-0 lead at the end of the first quarter. Becht got the Cyclones on the board early in the second on a 14-yard run.

Becht scored on a 4-yard run on the final play of the half and then threw an 11-yard TD pass to Brett Eskildsen on the opening drive in the third quarter.

“Rocco Becht is a dang warrior. You keep looking up and he continues to make plays,” Bearcats coach Scott Satterfield said. “That is a huge win for us as we went toe-to-toe with one of the best teams in the Big 12 over the last few seasons.”

The Cyclones were without 16 injured players, including all-Big 12 defensive backs Jeremiah Cooper and Jontez Williams. They also were without their top two kickers.

The Associated Press contributed to this report.

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Former coach Fisher makes tearful return to FSU

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Former coach Fisher makes tearful return to FSU

TALLAHASSEE, Fla. — Jimbo Fisher was brought to tears while returning to Florida State‘s campus for the first time since resigning to take the Texas A&M coaching job in 2017.

Fisher, now an ACC Network analyst, was wildly cheered at the start of the network’s pregame show outside Doak Campbell Stadium. He turned in his chair, did the tomahawk chop to the crowd of garnet-clad fans and started to cry.

“Brings tears to my eyes,” Fisher said. “Remember your family growing up here and hearing that chant. When you heard it, something to it.

“The players, the memories. It’s Miami week.”

Fisher moved back to Tallahassee after Texas A&M fired him in 2023. But he hadn’t stepped foot on campus until his job brought him back.

Fisher coached at Florida State for 10 years (2007-17), first as an offensive coordinator and then as head-coach-in-waiting before taking over for legend Bobby Bowden in January 2010. He won a national title in 2013 in the middle of a three-year run of capturing ACC championships.

He was hired in July as an analyst with ACC Network.

“I always loved Florida State,” Fisher said Friday while meeting with reporters. “Florida State was home. It’s very surreal. I got butterflies. The antsy in your stomach of coming back because it meant so much to you.”

Fisher predicted Florida State would beat Miami on a “wide middle” field goal attempt.

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Navy rides record day from WR Heidenreich to win

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Navy rides record day from WR Heidenreich to win

ANNAPOLIS, Md. — Blake Horvath threw three touchdown passes to Eli Heidenreich, who set a pair of Navy records, and the Midshipmen outlasted Air Force 34-31 on Saturday.

The victory gives Navy (5-0) a leg up on holding on to the Commander-in-Chief’s trophy, awarded to the winner of the round-robin between the Navy, Air Force and Army service academies.

Horvath was 20-of-26 passing for a career-high 339 yards and added another 130 yards and a touchdown on 17 carries. Heidenreich, who came in with five catches this season, set a Navy record with 243 receiving yards on eight receptions including 19-, 80- and 60-yard touchdowns, giving him a program record 14 in his career.

On a day filled with big-play offense, it was Nathan Kirkwood‘s field goal with 6:47 remaining that gave Navy the lead. That was followed by a deflected pitch recovered by the Midshipmen at midfield, allowing them to run out the clock.

Liam Szarka was 11-of-19 passing for 212 yards and two touchdowns and ran for a career-high 152 yards and two scores on 25 carries for the Falcons (1-4). Bruin Fleischmann had six catches for a career-high 166 yards and a score.

Two Heidenreich TD catches gave Navy a 17-10 halftime lead. Air Force came back three times to tie, including 31-all on Jonah Dawson‘s first career catch, a 53-yard touchdown.

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