Richard Brasher to leave Tesco
Richard Brasher is to step down as chief executive of Tesco¬ís UK operations after just one year in the role.
Tesco said the move was a consequence of chief executive Philip Clarke's decision to take a "much closer involvement in the UK business".
Brasher will leave the business in July when Clarke will assume responsibility for Tesco’s home operations.
Having joined Tesco in 1986, Brasher was appointed to its board eight years ago. He began heading up the supermarket giant’s UK operations in March last year and was the force behind the ‘Big Price Drop’ campaign launched last autumn.
His departure follows a profit warning in January after Tesco recorded its worst festive trading period in decades
In statement the Clarke said: "I have decided to assume responsibility as the CEO of our UK business at this very important time. This greater focus will allow me to oversee the improvements that are so important for customers.
"I completely understand why Richard has decided to leave and want to thank him for the great contribution he has made over many years. The depth of management at Tesco and the strong leadership team across the group allow me to take a more active role in the UK whilst our other businesses continue to grow."
Email this article to a friend
You need to be logged in to use this feature.
Please log in here