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Latest Business News

Son of Walgreen Founder Dies at 100

Sunday, February 11, 2007 3:38:43 PM

 Charles R. Walgreen Jr. is seen in this June 14, 2003 file photo at the Burger Boat Company in Manitowoc, Wis. Walgreen Jr., the son of the founder of Walgreen Co. and the company's former chairman, died Saturday, Feb. 10, 2007. He was 100. (AP Photo / Mike Roemer, file)DEERFIELD, Ill. (AP) - Charles R. Walgreen Jr., the son of the founder of Walgreen Co. and the company's former chairman, has died. He was 100.

Walgreen died Saturday at his home in Northfield, Walgreen spokesman Michael Polzin said.

Trained as a pharmacist, Walgreen served as the company's president from the time of his father's death in 1939 until 1963, and he was chairman of the board of directors from 1963 to 1976. Walgreen's annual sales grew from $72 million to $817 million during his tenure, the Deerfield-based drugstore chain said in a statement.


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