Tesco have announced today that its group CEO Dave Lewis will step down from his role in summer 2020. Lewis will be succeeded by the former Walgreens Boots Alliance executive Ken Murphy.
Lewis joined Tesco in 2014, after working at Unilever for almost three decades. Tesco chairman, John Allan has praised his efforts in rebuilding the UK supermarket giant and transforming customer satisfaction. Following the announcement of Lewis’ departure, Tesco has declared its turnaround complete.
Dave Lewis, CEO-designate said: “My decision to step down as group CEO is a personal one and I believe that now is the right time to pass the baton. Our turnaround is complete, we have delivered all the metrics we set for ourselves.
“The leadership team is very strong; our strategy is clear and it is delivering. The Tesco brand is stronger and customer satisfaction is the highest it has been for many years. Colleagues are doing an extraordinary job and their expertise shows in every store and channel every day.”
He adds: “With these firm foundations and a competitive, sustainable growth strategy in place, I have no doubt that Tesco will kick on again under new leadership next year.”
CEO successor Ken Murphy has previously held a variety of senior positions, including joint chief operating officer at Boots UK & Ireland, before rising to executive vice-president, joint chief operating officer and president of Global Brands at Walgreens Boots Alliance.
John Allan, Tesco chairman said: “Ken is unquestionably, a seasoned, growth-orientated business leader. He has deep commercial, marketing and brand experience within retail and wholesale businesses, first with Alliance Unichem, and then with Boots.
“Ken has values which align with our own, strong strategic and operating acumen, and is proven at the very top of a large and respected multinational retail group.”
Due to contractual commitments to his previous employers, Murphy’s exact start date will be announced in due course.
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