Ex HBOS chief Andy Hornby, appointed chief executive of Alliance Boots

09 June 2009

Andy Hornby, who was CEO of HBOS plc until it was acquired by Lloyds Banking Group in January in a rescue launched by the UK government, has taken over as group chief executive of Alliance Boots. Hornby's appointment will be effective from 1 July.

In his new assignment Hornby will report to executive chairman Stefano Pessina.

According to Alliance Boots, Hornby gained considerable retail and marketing experience during his stint at ASDA where he held a number of senior general management roles including managing director of its clothing business, George.

His later assignments included leading the retail divisions of Halifax and then HBOS, before becoming chief operating officer and finally chief executive.

Alliance Boots is an international company straddling the pharmaceuticals, and health and beauty market space with a wide range of products and services.

The company has been operating without a chief executive since the exit of Richard Baker in 2007, after the group went private in a venture operated by Pessina and private equity group Kohlberg Kravis Roberts.