The outgoing boss of Boots is leaving to run Veonet, considered one of Europe’s largest chains of ophthalmology clinics.
Sky Information has learnt that Sebastian James is to change into the brand new group chief government of Veonet, which is owned by the non-public fairness agency PAI Companions and Canada’s Ontario Lecturers Pension Plan.
He’ll go away Boots in November, as Sky Information revealed on Saturday, and can be a part of Veonet quickly afterwards, insiders stated.
Veonet was acquired by its present homeowners in early 2022 from Nordic Capital, one other buyout agency.
Within the UK, Veonet owns SpaMedica, which performs eye operations equivalent to cataract removals for the NHS.
Total, the group supplies eye care providers to greater than 2m sufferers yearly throughout 5 European markets, together with Germany, the Netherlands and Spain.
Dr Markus Hamm, the present Veonet CEO, is retiring however will stay on its board.
Mr James is leaving Boots after its dad or mum, Walgreens Boots Alliance, deserted plans to promote or float the pharmacy chain for a second time in two years.
His departure will come through the retailer’s one hundred and seventy fifth anniversary yr.
An announcement about his exit from Boots and appointment at Veonet is anticipated to be made early this week.
Veonet couldn’t be reached for remark, whereas each PAI and OTPP declined to remark.
