Lewis(pic), 54, will leave the UK’s largest retailer after a turnaround that began when he joined Tesco in 2014 in the wake of a massive accounting scandal. Since then he’s leveraged the company’s position as UK grocery market leader to boost profits despite consumer jitters over Brexit, the shift to online shopping and competition from discounters Lidl and Aldi.
LONDON: Tesco Plc chief executive officer Dave Lewis (pic) is stepping down next summer and will be succeeded by a surprise choice, Walgreens Boots Alliance Inc’s Ken Murphy.
Lewis, 54, will leave the UK’s largest retailer after a turnaround that began when he joined Tesco in 2014 in the wake of a massive accounting scandal. Since then he’s leveraged the company’s position as UK grocery market leader to boost profits despite consumer jitters over Brexit, the shift to online shopping and competition from discounters Lidl and Aldi.
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