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Boots hires Hornby as chief exec

Alliance Boots has appointed former HBOS chief executive Andy Hornby as its group chief executive.

Hornby left HBOS in February after it was taken over by the Lloyds Banking Group. He left the firm with more than £10bn of debts.

Hornby will take the role from from July 1 2009, and will report to executive chairman Stefano Pessina, who will continue to work full-time leading the group.

Alliance Boots is owned by US private equity firm KKR, and is Europe’s largest wholesale and retail seller in the pharmaceutical sector. It has 115,000 staff and reported a pre-tax profit of £13m in its 2008 end of year results.

Pessina says: “[Hornby’s] collaborative management approach aligns with our values, culture and team spirit.”

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There is one comment at the moment, we would love to hear your opinion too.

  1. Phil Sheppard 8th June 2009 at 2:57 pm

    Andy Hornby
    HBOS sent out prospecus’ for rights issues stating it was a sound company, misleading shareholders into the said rights issue. Ridiculous that he should ever gain employment again.

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