13th Oct 2014 05:48
LONDON (Alliance News) - The upheaval among senior executives at Tesco PLC continues with two more directors heading for the door as Britain?s biggest retailer continues its investigation into a GBP250 million hole in profits, the Financial Times reports Monday.
Jonathan Lloyd, company secretary at Tesco, will leave the retailer next March after serving his notice period. Ken Hanna, audit committee chairman and non-executive director, is also expected to stand down when his six-year tenure comes to an end later this year, the paper says, adding that neither departure is linked to the discovery of the overstatement in profits
http://www.ft.com/cms/s/0/f0c0ef14-51f9-11e4-a549-00144feab7de.html?ftcamp=crm/email/20141013/nbe/UKBusiness/product&siteedition=uk#axzz3G086dxu8
By Steve McGrath; [email protected]; @stevemcgrath1
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