Charles R. ‘Cork’ Walgreen III 1935 – 2016


Charles R. ‘Cork’ Walgreen III 1935 – 2016 (Source:

From Charles R. “Cork” Walgreen III, 80, of Lake Forest, IL, former president, CEO, chairman of the board, and chairman emeritus of the iconic U.S.-based drugstore chain Walgreen Co., died Monday, Sept. 26, 2016, at his home in Lake Forest.

He was 80 years old, and the grandson of Charles R. Walgreen Sr., who founded the 115-year-old pharmacy retailer.

An avid sailing enthusiast and golfer, he was a member of Sailfish Point Club in Stuart, Florida, Lake Winnipesaukee Golf Club in New Durham, New Hampshire, and the Exmoor Country Club in Highland Park.

In 2004, he donated $2 million to his alma mater, the University of Michigan College of Pharmacy, to establish a professorship focusing on researching the socio-economics of health care policies, regulations, and ethics.

Walgreen III is credited with significant strategic changes that powered Walgreen Co.’s growth for decades to come.

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