Boots finance chief quits a year after US parent's sale plan collapsed

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Michael Snape, who joined from Tesco in 2018, is being replaced by Sam Hunter as Boots The Chemist's chief financial officer, Sky News understands.

The finance boss of Boots, Britain's biggest high street pharmacy chain, has quit a year after its US parent abandoned plans to sell the business.

Sky News has learnt that Michael Snape resigned last month after just under five years as chief financial officer at the Nottingham-based company.It was unclear on Tuesday whether Mr Snape, joined the chemists chain in 2018 from Tesco, has another job to go to. In a statement, a Boots spokesman 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." In June last year, Walgreens Boots Alliance terminated talks with prospective buyers after months of negotiations.

 

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