Boots CFO Michael Snape exits - Indoors Beauty

Boots CFO Michael Snape exits

Boots CFO Michael Snape exits

Boots Chief Financial Officer Michael Snape has stepped down after 5 years on the enterprise.

Snape is known to have resigned final month and shall be changed by current Boots finance govt Sam Hunter, in keeping with Sky News.

In an announcement, Boots stated: “After virtually 5 profitable years at Boots, Michael Snape, Chief Financial Officer, Boots & No7 Beauty Company, has determined to depart the enterprise.

“During his time at Boots, Michael performed a key position in efficiently reworking Boots and we want him all the perfect for the long run and in his subsequent position.”

Snape joined Boots as CFO in 2018. Prior to this, he served as CFO International at Tesco. He has additionally beforehand labored for Waitrose and Sainsbury’s in numerous strategic roles.

The information follows the newest monetary outcomes from Walgreens Boots Alliance, which reported a 3.3% improve in gross sales to £28 billion ($34.9 billion) for the second quarter ending 28 February 2023.

Footfall at Boots improved by 16%, as ecommerce continued to “carry out effectively”, accounting for over 15% of retail gross sales towards roughly 9% pre-pandemic.

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