Alliance Boots chief executive Richard Baker quit the healthcare giant today as the company’s new owners announced a management overhaul.

UK union leaders attacked a £6.5m (€9.58m) windfall today after it was revealed that the boss of Alliance Boots will net the multi-million payout following the sale of the retail and pharmaceutical giant.

Retailer Boots the Chemists today said it had poached a senior boss from rival Tesco to help it revive its core UK stores business.