Boots is set to name former Currys chief Alex Baldock as its new CEO as the pharmacy chain sharpens its leadership ahead of a possible London listing next year. The move follows the U.S. buyout of Walgreens Boots Alliance for $23.7 bn, which has prompted speculation that Boots could return to the public markets at a valuation of up to £7 bn.

Baldock, who steered Currys through a profit rebuild and shuttered over 500 Carphone Warehouse stores, will take over a Boots that has revived growth after pandemic setbacks by expanding pharmacy services and revamping beauty halls. His appointment comes after Currys’ shares fell 11 % when the exit was disclosed in the past quarter and could signal a new strategic direction for the retailer.

Boots’ leadership shuffle follows its parent’s privatization by Sycamore Partners and Stefano Pessina, who has held a stake for two decades. The $23.7 bn deal has erased the company’s FTSE 100 status, yet insiders suggest a relisting could unlock value that was missed after a 2022 offer valuing the chain at £5‑£6 bn and would reposition the retailer in a competitive market.

Baldock’s arrival marks the second time Boots has sourced its CEO from Currys, following Sebastian James’ tenure after his Dixons Carphone days. The appointment signals Boots’ intent to leverage retail experience to drive expansion and prepare for an IPO, positioning the company for a potential valuation near £7 bn and securing a stronger market position.