Boots CFO steps down
After five years, Michael Snape will be replaced by Boots finance executive Sam Hunter
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Boot’s chief financial officer Michael Snape has recently quit his role after five years in the position.
Snape joined the pharmacy and beauty retailer in 2018 after holding senior positions at grocers, including Tesco. He will be replaced by existing Boots finance executive Sam Hunter.
It is unclear whether Snape already has another job on the line.
In a statement, a Boots spokesperson said: “After almost five successful years at Boots, Michael Snape, Chief Financial Officer, Boots and 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 as the company reported a UK retail comparable sales growth of 16% in the second quarter.
The company currently employs 56,000 people and trades in 2,200 shops in Britain.
