{"id":223499,"date":"2023-06-06T16:32:26","date_gmt":"2023-06-06T15:32:26","guid":{"rendered":"https:\/\/theindustry.beauty\/?p=223499"},"modified":"2023-06-06T16:32:26","modified_gmt":"2023-06-06T15:32:26","slug":"boots-cfo-michael-snape-exits","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/boots-cfo-michael-snape-exits\/","title":{"rendered":"Boots CFO Michael Snape exits"},"content":{"rendered":"<p><strong><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"https:\/\/theindustry.beauty\/the_directory\/boots\/\" target=\"_blank\" rel=\"noopener\">Boots<\/a><\/span> Chief Financial Officer Michael Snape has stepped down after five years at the business.<\/strong><\/p>\n<p><em><!--more--><\/em><\/p>\n<p>Snape is understood to have resigned last month and will be replaced by existing Boots finance executive Sam Hunter, according to Sky News.<\/p>\n<p>In a statement, <a href=\"https:\/\/www.boots.com\/\" target=\"_blank\" rel=\"noopener\">Boots<\/a> said: \"After almost five successful years at Boots, Michael Snape, Chief Financial Officer, Boots &amp; No7 Beauty Company, has decided to leave the business.<\/p>\n<p>\"During his time at Boots, Michael played a key role in successfully transforming Boots and we wish him all the best for the future and in his next role.\"<\/p>\n<p>Snape joined Boots as CFO in 2018. Prior to this, he served as <span style=\"font-size: 1.8rem;\">CFO International at Tesco. He has also previously worked for Waitrose and Sainsbury's in various <\/span><span style=\"font-size: 17.928px;\">strategic<\/span><span style=\"font-size: 1.8rem;\">\u00a0roles.<\/span><\/p>\n<p>The news follows the <span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"https:\/\/theindustry.beauty\/boots-uk-owner-wba-sees-q2-sales-rise-as-businesses-perform-well\/\" target=\"_blank\" rel=\"noopener\">latest financial results from Walgreens Boots Alliance<\/a><\/span>, which\u00a0reported a 3.3% increase in sales to \u00a328 billion ($34.9 billion) for the second quarter ending 28 February 2023.<\/p>\n<p>Footfall at Boots improved by 16%, as ecommerce continued to \"perform well\", accounting for over 15% of retail sales against approximately 9% pre-pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/boots-cfo-michael-snape-exits\/\">...<\/a><\/p>\n","protected":false},"author":100,"featured_media":206328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,20822],"tags":[11680,11222],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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