Business

Boots CEO resigns following stalled Walgreens sale plan

Jun 29, 2024 1 min read

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Sebastian James, CEO of Boots, is stepping down following Walgreens Boots Alliance's (WBA) decision not to pursue a £5 billion sale or stock market listing of the UK-based pharmacy chain. James, who has led Boots since 2018, will leave the company in November and is expected to take on a new role in the healthcare industry. This marks the second time in two years that WBA has decided against selling Boots, opting instead to continue investing in the retailer.

WBA has not yet announced a successor for James. The decision to retain ownership of Boots comes amid WBA's ongoing review of its assets and a recent warning on its profit outlook. An official announcement regarding James's departure is anticipated in the coming days.

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