Hornby Payout Cost Alliance Boots 2.4 Million Pounds, Mail Says

Andy Hornby got a payout of 2.4 million pounds ($3.9 million) when he stood down as Chief Executive Officer of Alliance Boots Holdings Ltd., the Daily Mail said, citing the company’s annual report.

Hornby left the company in March after less than two years in post. He was previously CEO at HBOS Plc before the bank was bailed out by the U.K. government.

To contact the reporter on this story: Rachel Graham in London rgraham13@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher in London at dschumacher@bloomberg.net

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