Tesco chief executive to retire
CUFFLEY resident Sir Terry Leahy has revealed that he will stand down as the chief executive of supermarket giant Tesco next year.
Sir Terry, who lives in The Ridgeway, announced his decision today (Tuesday) after 14 years in the role.
He said: “When I became CEO I had a plan to build Tesco around its customers, to make it number one in the UK and to find new long term growth in non-food, in services and in international expansion.
“I wanted to develop a purpose and values that could sustain Tesco through its challenges and encourage and grow future leaders.
“It has taken 14 years but that strategy has become a firm reality now and so I feel my work is almost complete.”
You may also want to watch:
Sir Terry will leave his post in March 2011 at the age of 55.
He will, however, remain a large shareholder in the company, which has bases in WGC and Cheshunt.
- 1 9 things you didn’t know about the making of Band of Brothers
- 2 Dangerous Welwyn Garden City domestic abuser who slashed ex-girlfriend's throat jailed
- 3 When is Team GB cycling star Laura Kenny in action at Tokyo 2020 Olympics?
- 4 Safety check and risk assessment failings for hundreds of Welwyn Hatfield council houses
- 5 Council named wrong town planner as Garden City's principle creator
- 6 The latest court results for Welwyn Hatfield and Potters Bar
- 7 Welwyn Garden City named Hertfordshire’s sexiest place
- 8 Water safety advice issued following lake drowning
- 9 Man drowns in Stanborough Lakes
- 10 New report reveals 28 Covid deaths at Hatfield care home
Sir Terry will be replaced by International Operations director Philip Clarke, who has worked for Tesco since 1974.