Failed bank boss lands job at Boots
The boss in charge of HBOS when the bank faced collapse last autumn has been confirmed as the new chief executive of high street giant Alliance Boots.
Andy Hornby will return to the business front-line at the beginning of July - less than nine months after the bank was saved from nationalisation through a rescue takeover by Lloyds TSB.
Mr Hornby, who worked for supermarket Asda before joining the Halifax in 1999, was originally approached to head Boots in 2003 but stayed with the bank.
In his new role, he will report to the company's executive chairman Stefano Pessina, who took the group private with buy-out firm Kohlberg Kravis Roberts for £11.1 billion in 2007.
