Welwyn Garden City-headquarted Tesco chief executive steps down

PUBLISHED: 16:01 03 October 2019 | UPDATED: 16:02 03 October 2019

Tesco Headquarters on Shire park. Picture: DANNY LOO.

Tesco Headquarters on Shire park. Picture: DANNY LOO.

Archant

The chief executive of Tesco, which has its headquarters in Welwyn Garden City, has stepped down.

Yesterday it was annouced that Dave Lewis will be succeeded by former Walgreens Boots Alliance manager Ken Murphy.

The chairman of Tesco, John Allan, said he regretted Mr Lewis' decision but thanked the five-year Tesco boss for giving him the time to find a replacement.

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Mr Allan said: "Under Dave's leadership Tesco has transformed customer satisfaction and rebuilt the business.

"We can now move forward with renewed confidence."

Mr Lewis, who is expected to leave in the summer of 2020, said: "When that time comes, I will watch progress from outside with interest, deep affection and pride.

"In the meantime, you can be sure that I will give the job everything I have until my very last day."

Full year operating profit at Tesco rose by 34 per cent in 2018 compared to the previous year.

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