Tesco chief financial officer to retire
Tesco has announced that Alan Stewart has decided to retire as its chief financial officer and leave the business on 30 April 2021.
The company’s board is now conducting both an internal and external search for his successor.
Stewart joined Tesco in September 2014 and has played an instrumental role in the company’s turnaround. This has included leading a corporate restructuring, rebuilding the balance sheet, and guiding Tesco back to investment grade.
Prior to joining Tesco, Stewart worked with Marks & Spencer, WH Smith and Thomas Cook.
Dave Lewis, Tesco group chief executive, said: “Alan has been an outstanding leader and partner at Tesco. He has made a huge contribution and on behalf of all of Tesco colleagues I would like to thank him for all he has done.”
John Allan, Tesco chairman, added: “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.”
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