Richard Baker was named operating partner at private equity firm Advent International.
He will advise on retail and consumer sectors in the new position.
He was group CEO at Alliance Boots until July 2007. Mr. Baker continues to serve as chairman of the European advisory board for Groupe Aeroplan and chairman of Virgin Active.
Tim Franks, managing director and head of Advent's retail, consumer and leisure sector team in London, said in a statement that since Mr. Baker began as an adviser at Advent earlier this year, “we have found his insights to be incredibly useful in identifying and evaluating a number of investment opportunities across our international network.”