Boots chief executive left because of 'stress'
Tuesday 17 May 2011
Alliance Boots has cited "stress" as being among the key reasons why Andy Hornby left his role as group chief executive this year.
Mr Hornby, who was the chief executive of the bank HBOS at the time it almost collapsed, shocked the retail world by quitting in March less than two years into the job. Stefano Pessina, the executive chairman of Alliance Boots, said that Mr Hornby was "stressed", and added: "He had difficulties with us. He had decided to come back too early at a company where the work load is substantial."
At the time, Mr Hornby, 44, said he wanted to "take a few months' break", after an "intense last five years". Speculation also suggested that the group's executive structure may not have suited him. Mr Pessina and his partner, Ornella Barra, the chief executive of its pharmaceutical wholesale division, and Alex Gourlay, the chief executive of the health and beauty division, all have a big influence on strategy.
Mr Pessina said Alliance Boots would look to appoint a new chief executive but it was in "no hurry".
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
- 3 The Grace Dent Christmas Questionnaire
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Vagina canoe artist defends herself over ‘obscenity’ charges
PlayStation and Xbox hacked by Lizard Squad
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Boxing Day snowfall set to push even more bargain-hunters online for sales
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...