UK - Retail giant Boots is parting company with its corporate finance head, John Ralfe.
The move follows intense speculation over Ralfe’s position in the wake of Howard Dodd’s appointment as finance director and the firm’s decision not to implement FRS17 in full this year.
But Boots played down these rumours and said Ralfe was leaving as part of a wider reorganisation of the company’s senior management.
It said Ralfe had made a major contribution to the company but his work was now complete.
Ralfe – a former adviser to the Accounting Standards Board on FRS17 – is a passionate advocate of the market-based valuation method.
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