Boots CFO quits after sale plans dropped
The chief financial officer of Boots has left the retailer after its US parent company abandoned plans for a sale of the business.
Michael Snape quit in May after spending just under five years as CFO of the company, Sky News has reported.
An existing Boots finance executive, Sam Hunter, will replace him.
In June 2022, Walgreens Boots Alliance pulled out of talks with potential buyers after a series of negotiations, however many experts predict the process will be revived by the American company over the next 18 months.
In a statement, a Boots spokesperson said: “After almost five successful years at Boots, Michael Snape, chief financial officer, Boots & No7 Beauty Company, has decided to leave the business.
“During his time at Boots, Michael played a key role in successfully transforming Boots and we wish him all the best for the future and in his next role.”