Job done - Tesco boss to quit next year

World .
Job done - Tesco boss to quit next year

LONDON (Reuters) - Tesco (TSCO.L) boss Dave Lewis, credited with saving Britain’s biggest retailer from collapse in 2014, will step down next summer after declaring its turnaround complete, handing over to a relative unknown catapulted into one of the sector’s top jobs. Celebrating its 100th anniversary, Tesco is five years into a recovery plan launched by Lewis after an accounting scandal capped a dramatic downturn in trading.

Successor Ken Murphy, a former executive at healthcare group Walgreens Boots Alliance (WBA.O), will become the second outsider to lead Tesco, following in the footsteps of former Unilever (ULVR.L) executive Lewis. Like Lewis, 52-year-old Irish national Murphy has experience in the consumer goods industry, key suppliers to supermarkets, having started his career at Procter & Gamble (PG.N).

https://www.reuters.com/article/us-tesco-results/job-done-tesco-boss-to-quit-next-year-idUSKBN1WH0FU?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

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