2nd Jun 2020 08:08
(Alliance News) - Tesco PLC said Tuesday that Chief Financial Officer Alan Stewart will retire from his role and the company on April 30, 2021.
Stewart has been in his role at the FTSE 100-listed supermarket chain for six years since 2014, and prior to that was in the same role at food and clothing retailer Marks & Spencer Group PLC for four years since 2010.
Tesco said it will now conduct a search both internally and externally to identify a successor.
"Alan has made an impressive and sustained contribution both as CFO and as a board member to Tesco's turnaround. On behalf of the board I would like to thank him for his continued contribution and, when the time comes, wish him well for the future," said Tesco Chair John Allan.
Shares in Tesco were down 1.0% at 229.50 pence each in London on Tuesday morning.
By Dayo Laniyan; [email protected]
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