Ex-Walgreens Chief Starts Venture to Commercialize New Technologies -
By MICHAEL J. de la MERCEDAPRIL 21, 2017
For 35 years, Gregory D. Wasson worked at Walgreens, eventually presiding over some of the drugstore chain’s biggest deals as its chief executive.
But Mr. Wasson said that Innventure’s management team had both the insight to identify commercially viable technologies furnished by Procter & Gamble —
and any future partners — as well as the know-how to create flourishing businesses.
Mr. Wasson’s family investment office and a team of entrepreneurs have a new project, Innventure,
which aims to develop businesses around new technologies lent by big corporations.
The venture already has one new business based on a Procter & Gamble technology: PureCycle Technologies,
which aims to reuse polypropylene plastic more efficiently than current approaches allow.