Boots announces departure of CFO

Boots CFO Howard Dodd is set to leave the troubled retailer after the publication of its full year results on 19 May.

Link: FD appointments hot up on markets

Boots issued a profit warning just two weeks ago, blaming a ‘slowdown in consumer spending on the high street’.

‘I have enjoyed the past three years at Boots,’ said Dodd. ‘I have been considering this decision since the turn of the year. I will now fulfil my commitment to complete this year’s financial results and support Richard in an orderly transition.’

Richard Baker, chief executive, said: ‘I would like to thank Howard for all his hard work and important contribution to the Company over the past three years. I have worked well with him and respect his decision. I wish him well for the future.’

This morning’s share price jumped half a percent to 618p, from an opening price of 614p opening price.

Related reading