Walgreen Inc. has named Tyson Foods executive Wade D. Miquelon as senior vice president and chief financial officer, a move that takes effect June 16. Miquelon succeeds William Rudolphsen, who will shift into a newly created role as senior vice president and chief risk officer.
At Walgreen, Miquelon will assume responsibility for the company’s accounting, tax and treasury functions, a central role as the retailer continues to navigate a complex, highly regulated market. Rudolphsen, a 31-year company veteran who became CFO in 2004, will retain oversight of audit, loss-prevention, compliance and enterprise risk management while reporting to Chairman and CEO Jeffrey Rein. Company leadership framed the split between financial and risk functions as aligned with emerging best practices among large corporations.
Miquelon brings a blend of consumer and food-industry finance experience to Walgreens. He joined Tyson Foods in 2006 as executive vice president and chief financial officer after a 17-year tenure at Procter & Gamble, where he held a succession of finance leadership posts. At P&G he served as vice president of finance for Western Europe and led finance and accounting for the ASEAN, Australasia and India region, among other strategic roles.
Industry observers noted that Miquelon’s background in global finance and operational finance at major consumer goods and food companies positions him to manage Walgreens’ financial reporting and capital priorities amid evolving retail dynamics and regulatory scrutiny.
Beyond his operational roles, Miquelon has held board and executive positions in the retail sector. He served in senior finance roles at Walgreens through August 2014, and later became president and chief executive officer of Jo-Ann Stores. He has also been a director at Acadia Pharmaceuticals since January 2012.
Walgreens’ executive reshuffle underscores a broader trend among large companies toward specialized risk management structures while tapping cross-industry finance talent to oversee complex accounting, treasury and tax operations. With Miquelon in the CFO post, Walgreens aims to reinforce its financial controls and strategic planning as the company adapts to competitive pressures and regulatory demands.