Boots Finance Chief Resigns After US Parent Abandons Sale Plans

The finance chief of Boots, Britain's largest high street pharmacy chain, has resigned a year after its US parent abandoned plans to sell the business.

Michael Snape, who joined Boots in 2018 from Tesco, has been replaced by Sam Hunter, an existing Boots finance executive.

It is unclear if Snape has another job lined up.

During his time at Boots, Snape played a key role in transforming the company, and Boots reported a near-trebling of pre-tax profit in its last full financial year.

Many retail industry insiders expect the company's sale process to be revived within the next 18 months.