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.

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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.

Free Whitepaper
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What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.