Gifts Today magazine

New chairman for Tesco

Following Richard Broadbent’s decision to step down as chairman, Tesco has announced that John Allan will join the board and be appointed chairman on 1 March 2015. Richard Broadbent will step down from the board on the same date.

Richard Broadbent said: “I am delighted that John has agreed to join us and take on the role of chairman of the board. I am sure that his wide expertise, his experience and his personal qualities will contribute greatly to the future of the group.”

Patrick Cescau, Senior Independent Director, said: “Following a deep and thorough process run by a committee of independent non-executive directors, the board unanimously agreed that John Allan was the right candidate to be the chairman of Tesco at this important time. On behalf of the board I would like to thank Richard for his work as chairman. He has served the business with unflinching commitment through a period of unprecedented change, and put in place a new senior leadership team for the next stage of Tesco's development.”

John Allan added: "I'm very pleased to be taking on this role at such a critical moment for the business and look forward to working with the new executive team and the board.”

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