The man in charge of high street bank HBOS in 2008 when it almost collapsed, has taken a position with the UK chemist chain Alliance Boots, and not on the check-outs or shelf filling. Andy Hornby will become chief executive of Boots in July.
Hornby who had been the youngest CEO of a main UK bank when he was with HBOS, had previously held posts at senior level with supermarket group Asda. He is currently a non-executive director of Home Retail Group, which owns Homebase and Argos.
Boots merged with Alliance Unichem in 2006, forming Alliance Boots, which was subsequently taken over private by equity firm KKR. The company is Europe’s largest wholesale and retail player in the pharmaceutical industry.
HBOS were taken over by Lloyds TSB in 2008 and Hornby later apologised to MPs over his part in the banks collapse.
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