Boots managing director Sebastian James to step down
Boots‘ managing director Sebastian James is to step down to take up a new role in the healthcare sector.
He has worked with the health and beauty retailer since September 2018 during which time he has overseen a successful transformation and 13 consecutive quarters of retail market share growth. Work has included bringing in hundreds of new brands, refitting beauty halls up and down the country, and expanding Boots’ healthcare business.
Ornella Barra, chief operating officer, international at Walgreens Boots Alliance, said: “On behalf of all colleagues at WBA and Boots, I would like to thank Seb for his role in the success of the business over the past years.
“His tenure has seen the company transform through a steadfast focus on investment, innovation and growth into the No.1 health and beauty destination in the UK.
“We thank Sebastian for his commitment – together with the Boots leadership team – to delivering a strong platform for success and sustainable, long-term growth, and wish him all the best for his next endeavour.”
James added: “It has been a pleasure to lead this fantastic company and support its transformation during my time as managing director.
“Now in its 175th year, Boots has shaped how people access health and beauty products on the high street and I am proud to have been part of a business that continues to hold a critical role at the centre of the UK health and beauty sectors.”
With James due to leave the business in November, a process to recruit his successor has already begun.
The news of his departure comes just days after it emerged that Walgreens Boots Alliance has decided against pursuing a multi-million pound sale or stock market flotation of Boots for the second time in two years.
Last week, Boots announced that its retail and pharmacy sales had increased by 6% and 5.8% respectively in the three months to 31 May after trade was boosted by investment in its stores and Boots app.
