Finance boss quits at Boots
The chief financial officer at Nottingham-based pharmacy giant Boots has quit after five years in the post.
Sky News says Michael Snape handed his notice in last month. He will be replaced by Sam Hunter from the Boots finance team.
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.”
The news comes just days after new accounts posted showed that pre-tax profits at Boots tripled in the year to August 31 2022, according to newly-filed accounts.
The health and beauty retailer posted a pre-tax surplus of £137m over the 12-month period – up from £44.m in 2021. Sales rose by 10% to £7.8bn.