25 March 2011

Alliance Boots announces that Andy Hornby, Group Chief Executive, is to leave the Group and has accordingly resigned from the Board with immediate effect.  In due course, the Group will undertake an internal and external search for a successor to lead the next phase of its international growth and development.

Alliance Boots continues to perform well and expects to report another year of strong trading profit growth in May, when it announces its results for the year ended 31 March 2011.

Andy Hornby, commenting on his decision, said:

“After an intense last five years as CEO of two major companies, I have decided to take a few months break and, having discussed it with the Board of Alliance Boots, to stand down from my post as Group Chief Executive. I have thoroughly enjoyed the last couple of years at Alliance Boots during which time the company has performed very well. I am confident that Alliance Boots will continue to go from strength to strength under the leadership of Stefano Pessina and the executive team.”

Stefano Pessina, Executive Chairman of Alliance Boots, commented:

“I would like to thank Andy for his contribution to the Group.  He has been a committed member of our Executive team with a wealth of retail and marketing experience and excellent communication skills.  Andy leaves with our very best wishes for the future.”

ENDS

Editor’s Notes:

 Alliance Boots is a leading international pharmacy-led health and beauty group offering a wide range of products and services to our customers working in close partnership with manufacturers and pharmacists. Our two core business activities are pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution. Alliance Boots is privately-owned and employs over 115,000* people. Its wholesale and distribution network serves over 150,000* pharmacies, doctors, health centres and hospitals from over 360* pharmaceutical wholesale distribution centres in 16* countries. We operate more than 3,250* health and beauty retail stores in nine* countries, of which just under 3,150* have a pharmacy.

* Figures stated are as at 31 March 2010, are approximate and include associates and joint ventures.

For further information, please contact:

James Murgatroyd / Kirsty Flockhart, Finsbury

Tel: +44 (0) 20 7251 3801

 

Yves Romestan / Sanam Conway, Alliance Boots 

Tel: +44 (0) 1932 871400

 

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