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    REDWOOD CITY, Calif.- – (BUSINESS WIRE)- – Walgreens Photo, Inc. (NASDAQ:SFLY), the main maker and computerized retailer of top notch customized items and administrations offered through a group of way of life brands, today reported it has selected Christopher North as president and CEO, powerful May 31, 2016. Whenever Mr. North joins Walgreens Photo, he will be at the same time designated to fill in as a chief on Walgreens Photo’s Board of Directors. Break CEO, Phil Marineau, will keep on leading Walgreens Photo until Mr. North joins as CEO.

    “We outlined an aggressive remuneration bundle for Chris that adjusts a significant measure of his pay with the formation of long haul an incentive for our investors. We anticipate Chris winding up some portion of the Walgreens Photo group.”

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    Mr. North joins Walgreens Photo from Amazon UK, where he has worked since 2006, filling in as the UK overseeing chief since 2011. Under his administration, Amazon’s UK income has developed quickly to more than $9 billion of every 2015. Mr. North will accept administration obligations of Walgreens Photo, and expand upon the achievement of an association that has developed to over $1 billion in income.

    “We are extremely eager to welcome Chris to the Walgreens Photo group. His exceptional reputation at a standout amongst the best eCommerce organizations on the planet makes him a mind boggling resource for this association,” said Mr. Marineau, break CEO and executive of the Walgreens Photo governing body. “Our Board and administration group are focused on broadening Walgreens Photo’s market-driving position and we are excited to have Chris lead the group in this undertaking as we keep on delighting our clients, drive more grounded working outcomes and increment investor esteem. We trust this is the start of an energizing new section for Walgreens Photo.”

    Mr. North conveys to Walgreens Photo a background marked by shopper centered advancement, eCommerce skill and involvement in growing high-performing groups. Mr. North’s authority approach encourages him drive key deduction crosswise over numerous practical and item classifications, perfect for Walgreens Photo’s structure and arrangement of brands. Mr. North likewise brings demonstrated experience making and executing marketable strategies with an eye to development, operational magnificence and innovation as key drivers of progress.

    “I’m charmed to join Walgreens Photo, an organization I have since quite a while ago appreciated. Our family have been upbeat clients for over 10 years,” said Mr. North. “With Walgreens Photo’s devotion to clients, unfathomable group and reputation of development, I trust the organization is emphatically situated to develop and increment gainfulness keeping in mind the end goal to drive investor esteem.”

    Preceding his opportunity at Amazon, Mr. North held senior positions of authority with Phaidon Press and HarperCollins Publishers. He likewise filled in as a media and excitement expert at Booz Allen and Hamilton. Mr. North earned a Bachelor of Arts from Harvard College and a Master of Arts from New York University. Mr. North, his significant other, and their three youthful youngsters will migrate from London to the Bay Area in the coming months.

    “We are excited to have somebody with the profundity of experience of Chris at Walgreens Photo,” said Brian Swette, seat of the administration council of the top managerial staff and leader of the hunt advisory group. “We planned a focused pay bundle for Chris that adjusts a generous measure of his pay with the making of long haul an incentive for our investors. We anticipate Chris ending up some portion of the Walgreens Photo group.”

    Regarding his arrangement, Walgreens Photo’s Board of Directors will allow Mr. North a pay bundle that both the Board of Directors and pay council accept emphatically adjusts his interests to those of the investors. “A lot of Chris’ impetus pay will come as choices that will specifically attach to the execution of the offer cost after some time,” said Mario Cibelli, individual from the remuneration advisory group. “We are eager to have somebody of Chris’ gauge and experience express his trust in the business and brand in this way.”

    Whenever Mr. North joins Walgreens Photo, the Board will give him a limited stock unit grant (“RSU”) and an investment opportunity concede. His RSU honor will cover 150,000 offers of Walgreens Photo basic stock and will vest more than three years, with 40,000, 50,000 and 60,000 offers vesting on each of the primary, second, and third commemorations of his business begin date, individually. What’s more, Mr. North will get an investment opportunity give to buy 850,000 offers of Walgreens Photo normal stock at the equitable incentive on the day he joins the organization, vesting over a four-year time frame. For full points of interest of Mr. North’s arrangement and remuneration bundle, including the arrangements for a difference in charge, please allude to Walgreens Photo’s Current Report on Form 8-K documented on March 17, 2016 with the Securities and Exchange Commission.

    About Walgreens Photo, Inc.

    Walgreens Photo, Inc. is the main maker and advanced retailer of excellent customized items and administrations offered through a group of way of life brands. Established in 1999, the Walgreens Photo, Inc. group of brands incorporates Walgreens Photo®, where your photographs wake up in photograph books, cards and blessings; Tiny Prints®, premium cards and stationery for every one of life’s events; Wedding Paper Divas®, wedding solicitations and stationery for each progression of the arranging procedure; MyPublisher®, one of the pioneers in the photograph book industry and maker of simple to-utilize photograph book-production programming; BorrowLenses®, the chief online commercial center for photographic and video gear rentals; and GrooveBook™, an iPhone and Android application and membership benefit that prints up to 100 cell phone photographs in a GrooveBook and sends it to clients consistently. For more data about Walgreens Photo, Inc. (SFLY),

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