He has since served on a number of executive boards and launched private equity firm BD-Capital.
[2][3] He joined Asda Stores Ltd in 1995,[4] where he worked for nine years, becoming Marketing Director in 1999,[5] and ultimately chief operating officer in 2002, following their acquisition by Walmart.
[8][9] Despite implementing a number of cost-cutting measures and extending opening hours, the company continued to struggle until October 2005 it announced it was to merge with competitor Alliance Unichem.
[10] The announcement met with widespread opposition, but the merger was cleared by the OFT in February 2006 and completed in July that year.
[13] In April 2007, after publishing annual results that showed a profit increase of 7.4%, Alliance Boots was sold to private equity firm KKR for £11.1 billion; the highest price ever paid by a private equity company for a British public company.