Boots CEO Sebastian James Resigns Following Abandoned Sale Plans
James to leave in November as Walgreens Boots Alliance halts sale for the second time in two years.
- Sebastian James has led Boots since 2018 and will remain until November to oversee Christmas trading.
- Walgreens Boots Alliance decided against selling or listing Boots on the stock market after a poor financial outlook.
- Boots has shown strong sales growth, marking 13 consecutive quarters of market share increase.
- Despite Boots' performance, Walgreens' share price dropped significantly, leading to cost-cutting measures.
- James is set to take up a new role in the healthcare sector after his departure from Boots.