Boots have today confirmed that CFO Michael Snape “has decided to leave the business” after “almost five successful years” with the company.

“During his time at Boots, [Mr Snape] played a key role in successfully transforming Boots and we wish him all the best for the future and in his next role,” a Boots spokesperson said.

According to reports, Snape resigned from the health and beauty retailer last month, with existing Boots finance executive, Sam Hunter, succeeding him.

Snape joined Boots in 2018 as its finance boss. Prior to this, he held senior positions at Big 4 grocers Sainsbury’s and Tesco and Waitrose.