3rd Feb 2020 11:00
(Alliance News) - Tesco PLC on Monday said its current chief executive will extend his tenure until new CEO Ken Murphy takes over in October.
It was announced back in October that Dave Lewis would be leaving, and at that time Lewis was scheduled to depart in summer 2020.
However, Lewis will now remain until September 30 "to facilitate a smooth and seamless handover" with Murphy succeeding him and joining the board October 1 "after fully respecting his contractual non-compete obligations".
Shares in Tesco were up 1.9% at 251.50 pence in London on Monday morning.
By Anna Farley; [email protected]
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