Duane Reade names president

Duane Reade said Friday it has promoted Joe Magnacca from executive VP and chief merchandising officer to president. Magnacca joined Duane Reade in October 2008 as senior VP and chief merchandising officer. He was subsequently promoted to executive VP while retaining his merchandising responsibilities.Duane Reade was acquired earlier this year by Walgreen Co. for nearly $1.1 billion. The company said that Duane Reade CEO John Lederer will continue to work with John Spina, Walgreens VP retail integration and new format development, on the integration of the two companies.