Home / Knowledge / News / Apparel/Garments / Alan Stewart takes over as Tesco PLC's CFO
Alan Stewart takes over as Tesco PLC's CFO
10
Jul '14
Tesco PLC announces that Alan Stewart will join the Board of Tesco as Chief Financial Officer.
 
Alan Stewart has extensive financial experience in retail as CFO at Marks & Spencer and at WH Smith. He started his career in investment banking with HSBC. He became CFO at Thomas Cook Holdings in 1998 and was appointed UK CEO in 2001. From there he moved to WH Smith as Group CFO where he worked alongside Kate Swann to improve the company’s performance. In 2008 he was appointed CFO at AWAS, a leading aircraft leasing business, before moving to M&S in 2010. He is joining the Board of Diageo plc as Non-Executive Director in September 2014.
 
He will join Tesco following satisfaction of existing contractual obligations. Philip Clarke, Chief Executive Officer, said, "When we set out on this search we wanted a candidate who had the right blend of experience, leadership and values to play a leading role in the transformation of Tesco. We have found all three in Alan. I am looking forward to working alongside him and I know Tesco will benefit from the breadth and depth of his experience."
 
Sir Richard Broadbent, Chairman, said, "I am delighted to welcome Alan to the Board of Tesco which will benefit from both his substantial retail experience and financial expertise."
 
On appointment Alan will receive a basic annual salary of £750,000 and standard benefits commensurate with his position. He will be granted replacement share awards with a value of £1.737m in lieu of his deferred share awards from Marks & Spencer plc that will be forfeit when he joins Tesco. They will vest in line with the existing awards. Two further awards (2014 Annual Bonus and 2011 PSP) will be taken into account. Full details of his total remuneration will be disclosed in the 2015 Annual Report.
 

Tesco PLC

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Courtesy: NEJ

Apparel/Garments | On 24th Jan 2017

NEJ fully acquires Bills Khakis from Source Capital

Provider of reverse logistic excess inventory solutions for specialty ...

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search