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Boots CFO Michael Snape quits after 5 years

Boots storefront

Boots has revealed its chief financial officer (CFO) Michael Snape has left the business after five years in the position.

According to Sky News, Snape resigned from the health and beauty retailer last month, with existing Boots finance executive, Sam Hunter, succeeding him.

Snape joined Boots in 2018 as its finance boss. Prior to this, he held senior positions at Big 4 grocers Sainsbury’s and Tesco and Waitrose.

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In a statement, a Boots spokesman said: “After almost five successful years at Boots, Michael Snape, chief financial officer, Boots & No7 Beauty Company, has decided to leave the business.

“During his time at Boots, Michael played a key role in successfully transforming Boots and we wish him all the best for the future and in his next role.”

The news comes as Boots owner, Walgreens Boots Alliance recently unveiled plans to cut its corporate workforce by 10% in a bid to streamline operations.

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