As reported by News, Sebastian James, the CEO of Boots since 2018, is expected to leave the company in November.
This past weekend, city sources announced that he had taken a new position in the medical field.
His departure coincides with the news that the owner of the British shop, Walgreens Boots Alliance (WBA), a New York-listed company, has decided not to pursue a sale or stock market listing of the chain for the second time in the past two years.
In the upcoming days, an announcement on Mr. James’s departure is anticipated.
It’s not believed that WBA has a replacement in line just yet.
A remarkable move because of his longstanding acquaintance with the foreign secretary, Lord Cameron, was Mr. James’ recent endorsement of Sir Keir Starmer. Mr. James ran the electricals shop Dixons, which is now called Currys.
His resignation from Boots will occur in the 175th year of the company’s existence, located in Nottingham.
Boots trades from around 1,900 outlets and employs about 52,000 people.
WBA said this week that like-for-like sales at Boots increased by 6% and 5.8% across its retail and pharmacy sectors, respectively, during the quarter ending at the end of May, demonstrating the company’s outstanding trading success thus far.
