Outgoing Currys chief executive Alex Baldock is reportedly set to become the next boss of Boots, as the pharmacy and health and beauty retailer prepares for a possible return to the London stock market.

Retail industry sources told Sky News that Baldock’s appointment is expected to be announced later this spring.

It comes after Currys revealed in March that Baldock would step down after eight years leading the electricals retailer to take up “a new external position”.

If confirmed, Baldock would take the helm at Boots at a pivotal moment for the business, with Sky reporting that he could lead the retailer through a potential multibillion-pound stock market listing.

Analysts cited by Sky suggested Boots could be valued at between £5bn and £7bn if it lists as a standalone company, with a London float regarded as the most likely outcome should owner Sycamore Partners decide to sell or demerge the business.

Boots’ former parent company, Walgreens Boots Alliance, was previously listed in New York before being taken private by Sycamore Partners in 2025.

Baldock has led Currys since 2018, overseeing a turnaround of the retailer and steering the business through a challenging period for the electricals market.

Shares in Currys were down 0.5 per cent at 123p in London on Wednesday afternoon following the report.

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