The Board of Alliance Boots announces that it is to appoint Andy Hornby as Group Chief Executive with effect from 1 July 2009. In this new role, he will report to Stefano Pessina, Executive Chairman, who will continue to work full-time leading the Group, including chairing both the Board and the Group Executive Committee.
Andy Hornby has considerable retail and marketing experience, having been at ASDA where he held a number of senior general management roles including Managing Director of George, its clothing business. He went on to lead the retail divisions of Halifax and then HBOS, before becoming successively Chief Operating Officer and Chief Executive of HBOS up until its takeover by Lloyds TSB Group. Andy has an MA from Oxford and worked with Boston Consulting Group prior to obtaining an MBA at Harvard Business School. He is a non-executive director of Home Retail Group.
Stefano Pessina comments: “Both KKR and I are very pleased that Andy is joining the Group. We, together with our executive colleagues, believe that his collaborative management approach aligns with our values, culture and team spirit. Whilst the existing management structure will continue unchanged, his appointment will enable me to dedicate even more of my time and energy to the development and growth of Alliance Boots. Andy’s wealth of retail and marketing experience will be an invaluable asset for the company, complementing our existing skills and expertise.”
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. Alliance Boots is privately-owned and employs over 115,000* people. Its wholesale and distribution network serves over 140,000* pharmacies, doctors, health centres and hospitals from over 370* pharmaceutical wholesale distribution centres in 16* countries. We operate more than 3,200* health and beauty retail stores in nine* countries, of which just under 3,000* have a pharmacy.
* Figures stated are as at 31 March 2009, are approximate and include associates and joint ventures.
For further information, please contact:
Yves Romestan / Zoe Farthing, Alliance Boots
Tel: +44 (0) 1932 871569
James Murgatroyd / Kirsty Flockhart / Zoe Watt, Finsbury
Tel: +44 (0) 207 251 3801