Alliance Boots chief announces shock exit
The chief executive of Nottingham-based Alliance Boots has left his position with immediate effect. Andy Hornby made the surprise announcement after less than two years in the role.
In a statement, Hornby said he wanted to “take a few months break”.
Hornby took up the top position at Alliance Boots after heading up the Halifax Bank of Scotland prior to its near collapse. He was heavily criticised for his handling of the bank’s difficulties before its rescue by Lloyds TSB.
Alliance Boots said it will undertake an internal and external search for a successor “to lead the next phase of its international growth and development” in due course.
Hornby said: “After an intense last five years as chief executive of two major companies, I have decided to take a few months break and, having discussed it with the Board of Alliance Boots, to stand down from my post as group chief executive.
“I have thoroughly enjoyed the last couple of years at Alliance Boots during which time the company has performed very well. I am confident that Alliance Boots will continue to go from strength to strength under the leadership of Stefano Pessina and the executive team.”
