This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/8089013.stm
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Ex-HBOS boss gets Boots top job | Ex-HBOS boss gets Boots top job |
| (about 2 hours later) | |
| The UK High Street's biggest chemist chain, Alliance Boots, has confirmed former HBOS boss Andy Hornby as its new chief executive. | The UK High Street's biggest chemist chain, Alliance Boots, has confirmed former HBOS boss Andy Hornby as its new chief executive. |
| Mr Hornby, in charge of HBOS at the time of the bank's near-collapse last autumn, will start work with the firm from July. | Mr Hornby, in charge of HBOS at the time of the bank's near-collapse last autumn, will start work with the firm from July. |
| Before moving to HBOS he spent time in senior posts at supermarket giant Asda. | Before moving to HBOS he spent time in senior posts at supermarket giant Asda. |
| Boots and Alliance Unichem merged in 2006 to form Alliance Boots, later taken over by private equity firm KKR. | Boots and Alliance Unichem merged in 2006 to form Alliance Boots, later taken over by private equity firm KKR. |
| Alliance Boots is Europe's largest wholesale and retail player in the pharmaceutical industry and employs 115,000 people. | Alliance Boots is Europe's largest wholesale and retail player in the pharmaceutical industry and employs 115,000 people. |
| It is currently run by the Italian billionaire Stefano Pessina, who holds the post of executive chairman. | It is currently run by the Italian billionaire Stefano Pessina, who holds the post of executive chairman. |
| Mr Hornby is a non-executive director of Home Retail Group, which owns Argos and Homebase. | Mr Hornby is a non-executive director of Home Retail Group, which owns Argos and Homebase. |
| He led led HBOS up to the end of 2008 when the company posted banking losses of £11bn - before being swallowed up by rivals Lloyds TSB. | He led led HBOS up to the end of 2008 when the company posted banking losses of £11bn - before being swallowed up by rivals Lloyds TSB. |
| Mr Hornby had been the youngest-ever boss of a main British bank when he became HBOS chief executive three years ago. | Mr Hornby had been the youngest-ever boss of a main British bank when he became HBOS chief executive three years ago. |
| Earlier this year told MPs he was "sorry" for the near-demise of HBOS. | Earlier this year told MPs he was "sorry" for the near-demise of HBOS. |
| What do you make of the new appointment? Tell us your thoughts by filling in the form below. | |
| The BBC may edit your comments and not all emails will be published. Your comments may be published on any BBC media worldwide. Terms & Conditions |