The departure of Walgreens Boots Alliance Inc.’s chief executive officer will leave the S&P 500 with no Black female CEOs, underscoring the slow path of progress for diversity in America’s C-suite. And it could be a long wait for another Black woman in a top spot.

The drugstore chain said Friday that Rosalind Brewer departed by mutual agreement, and the move took effect Thursday. She’d taken the top job in March 2021 with a mandate to transform the company into a health-care provider, but her push into more lucrative parts of the industry gained little traction. The stock has lost half its value since her arrival.

Up Next

S&P 500 Loses Its Sole Black Female CEO With Walgreens Departure