Walgreen Co. Chief Financial Officer Wade Miquelon was arrested on suspicion of drunken driving last month, his second such arrest in a little more than a year, according to court records.
Miquelon, 45, of Winnetka, was stopped in a Jeep at 10:03 p.m. Sept. 25 in the 200 block of Sheridan Road in Kenilworth. Police cited him on charges of having a taillight out, driving with a suspended license and driving under the influence.
He refused a Breathalyzer test and failed field sobriety tests, according to Kenilworth Police Lt. Phil Brunell and court records. A hearing is scheduled for Friday at the district courthouse in Skokie.
At the time of the arrest, Miquelon was on court supervision for a previous alcohol-related offense, according to court records.
In September 2009, he was stopped at 12:51 a.m. at Green Bay Road and Glencoe Drive in Glencoe and ticketed on charges of speeding, improper lane usage, driving under the influence and having alcohol in his system. On May 7, he accepted one-year supervision for the latter offense and paid a $1,150 fine.
According to the ticket, Miquelon blew 0.126 percent. The legal limit is 0.08 percent.
“We’re aware of it,” Michael Polzin, a spokesman for Deerfield-based Walgreen, said of the arrest. “It’s a personal matter, and we don’t comment on personal matters.”
The Securities and Exchange Commission requires companies to disclose if an “executive officer” has been convicted of a crime or is facing criminal charges, “excluding traffic violations and other minor offenses” — only if the matter is deemed “material” to an “evaluation” of that person.
“Some companies might have disclosed the second arrest right away; some might have said something somewhere,” said Edward Best, a partner at law firm Mayer Brown. “Other companies could reasonably have concluded, ‘Hey, the guy still showed up Monday morning.’ He’s still able to fly to New York to meet with rating agencies, investors and bankers. It’s not a material issue.”
Dave Druker, a spokesman for the Illinois Secretary of State’s office, said Miquelon will lose his license for three years, effective Nov. 10, due to the second arrest. By law, time was added to the suspension for refusing the Breathalyzer test.
A call to Miquelon’s attorney was not returned.
More Top Picks Best Pineapple Corers