3rd Oct 2018 16:27
LONDON (Alliance News) - Tesco PLC on Wednesday said Non-Executive Director Steve Golsby will replace Deanna Oppenheimer, a current chairman of the remuneration committee.
Oppenheimer will remain a member of the remuneration committee after stepping down as chairman, the retailer noted.
Also the FTSE 100-listed firm said Non-Executive Director Stewart Gilliland will join the audit committee with effect from November 27.
Tesco shares were trading 7.8% lower on Wednesday at 216.80 pence each, making it the top faller in the FTSE 100 index.
Early on Wednesday, Tesco reported an operating profit of GBP933 million for the six months to August 25, up 24% on last year's GBP750 million. However, this missed the analysts expectations, which were ranging between GBP962 million and GBP992 million.
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