Tesco UK chief executive steps down
Tesco has announced that the chief executive of its UK and Ireland business, Charles Wilson, is to step down following his treatment for throat cancer.
Wilson was the former boss of British wholesaler Booker until it was bought by the supermarket chain for £3.7bn ($4.9bn) earlier this year.
Tesco told investors that Wilson had “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,” the supermarket added.
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Wilson will, therefore, step down as CEO of Tesco UK and Ireland but will remain on the retailer’s 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,” the company added.
Jason Tarry, presently the group’s chief product officer, is set to become the chief executive of Tesco UK as of 16 July 2018.
Meanwhile, Tesco Ireland’s chief executive, Andrew Yaxley, will take over Tarry’s role.
This month, Tesco also announced that it is planning a “strategic alliance” with French retailer Carrefour to use their joint buying power to deliver better prices to customers.
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.