11 July 2007

Alliance Boots announces today that it is introducing a new Board and management structure with immediate effect.

Stefano Pessina will chair the Board of Alliance Boots. Dominic Murphy, Partner KKR, Ornella Barra, George Fairweather, Steve Duncan, and Marco Pagni are all appointed Directors. Also joining the Board will be Johannes Huth and Mattia Caprioli of KKR. The Board intends to appoint other independent non-Executive Directors. These appointments will be announced in due course.

The Group Operating Committee is:

Stefano Pessina , Executive Chairman

Dominic Murphy, KKR

Mattia Caprioli, KKR

Ornella Barra, Wholesale and Commercial Affairs

Alex Gourlay, Boots The Chemists

Steve Duncan, Community Pharmacy

George Fairweather, Group Finance

Marco Pagni, Group Legal Counsel & Chief Administrative Officer

Stephen Lehane, Group Human Resources and Corporate Affairs

Ken Murphy, Business Transformation


Richard Baker, Chief Executive, has decided to leave the business after discussing the option of continuing in a role as CEO. He has elected to pursue his career elsewhere, recognising Stefano Pessina's new position as Executive Chairman.

Scott Wheway, Managing Director of Boots The Chemists has decided not to accept a position in the new business. Scott felt that as the business enters the next phase of development, his own career plans did not enable him to give a firm commitment to stay for the next few years.

Alex Gourlay, currently Healthcare Director for BTC is appointed as Managing Director of Boots The Chemists. Alex has been with the business for 27 years and is a qualified pharmacist.
 

 Stefano Pessina comments:

 " We are grateful to Richard Baker for all he has done in leading the Alliance Boots group through its merger and for all his hard work and excellent results. We are confident that he will go on to new levels of achievement in a role commensurate with his undoubted skill and ability.

We would also like to thank Scott Wheway for his contribution to the development of Boots The Chemists, in what has been a very successful trading period for the Company.

They both leave with our best wishes for the future"


Commenting on the new structure, Stefano Pessina said:

" We are pleased to announce the new management team. We see fantastic opportunities for a business that is a pharmacy-led, healthcare and beauty expert, and a significant player in all its markets. The future potential is enormous and we're excited about working together to deliver this growth. It's important to our success that the team is committed to the Company for the long-term as we deliver our strategic vision"

For further information:

Richard Constant

Gavin Anderson & Company

Tel: 020 7554 1400

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