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Tesco PLC board and executive changes

Tesco PLC (LON:TSCO), announced today the following board and executive changes.

Following an operation to remove his tonsils in April of this year, Charles Wilson was diagnosed with throat cancer. During May and June he has been undergoing daily radiotherapy. The good news is that Charles has responded very well to the treatment and all the signs are that the treatment has been successful.

However, given the nature of the illness and the need for Charles to remain vigilant in his recuperation, we have agreed to make the following changes to responsibilities within the senior leadership team.

Charles will step down as CEO Tesco UK & ROI and from the PLC Board, but remain on the Tesco Executive Committee. He will focus on leading the Booker business, continuing to deliver the cost synergies and driving the growth agenda set out in the merger agreement. As a member of the Executive Committee he will contribute to the broader Tesco UK Strategy. He will continue to report to Dave Lewis.

Jason Tarry, currently Group Chief Product Officer, will become the CEO of the UK & ROI business and Andrew Yaxley, currently CEO Ireland, will be promoted to Group Chief Product Officer and join the Tesco Executive Committee. Both Jason and Andrew will report to Dave Lewis.