(Bloomberg) -- Former Amazon.com Inc. executive Alicia Boler Davis will take over as chief executive officer of Alto Pharmacy Inc., the company said Thursday.
Boler Davis will start on Sept. 1, Alto said in a statement. She takes over from co-founders Matt Gamache-Asselin and Jamie Karraker, who were leading the company after the previous CEO Kevin Burns exited less than a year after his appointment to rejoin yogurt maker Chobani LLC.
“Alto is in the business of improving health, not just fulfilling and delivering prescriptions,” Boler Davis said in a statement. “I am proud to join Matt and Jamie and lead Alto on its mission to improve the pharmacy experience for everyone.”
San Francisco-based Alto is one of numerous upstarts trying to take on bricks-and-mortar pharmacies. The companies offer slick mobile apps and home delivery services, which they say are a better option than the traditional model of going to a store. Incumbents Walgreens Boots Alliance Inc. and CVS Health Corp. also bolstered their digital offerings during the pandemic.
Boler Davis will bring Amazon’s logistics prowess to Alto. She most recently served as Amazon’s senior vice president of global customer fulfillment, overseeing the e-commerce behemoth’s logistics warehouses. She was one of two top Black executives who exited Amazon this month.
Gamache-Asselin and Karraker will no longer hold titles within Alto, but will remain on its board of directors.
Privately-held Alto has raised more than $550 million since it was founded in 2015, according to data from PitchBook. The company counts SoftBank Group Corp. among its investors.
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