1. News
July 12, 2018

British retailer Tesco UK and ROI CEO to step down

British grocery store chain Tesco’s UK and ROI chief executive officer (CEO) Charles Wilson will step down from his role and from the PLC board.

British grocery store chain Tesco’s UK and ROI chief executive officer (CEO) Charles Wilson will step down from his role and from the PLC board.

The decision follows after Wilson was diagnosed with throat cancer.

However, Wilson will continue on the Tesco executive committee and will report to Tesco Group CEO Dave Lewis leading the company’s Booker business by delivering cost synergies and driving the growth agenda. He will contribute to the Tesco UK strategy.

Wilson said: “In April I was shocked to learn I had throat cancer. Thanks to some fantastic medical support, I am pleased the treatment is going well and I am back to working full time.

“However, advice suggests I am not fully up to running the Tesco UK & ROI business.

“I am very pleased to continue running Booker and help deliver the benefits of the merger for consumers.”

“During this process, Dave and the Board and Tesco leadership team have been very supportive. I am very pleased to continue running Booker and help deliver the benefits of the merger for consumers, Booker customers, colleagues, suppliers, and shareholders.”

Tesco Group chief product officer Jason Tarry will succeed Wilson as the CEO of the UK and ROI business.

The retailer has also promoted its Ireland CEO Andrew Yaxley to the role of group chief product officer. He will also join the Tesco executive committee.

The executive changes will be effective from 16 July. Both Jason and Andrew will report to Dave Lewis.