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

Apparel/Garments | On 27th May 2016

Vietnamese garment makers sign MOU to boost standards

In a bid to improve their exports prospects, garment manufacturers in ...

Apparel/Garments | On 27th May 2016

AFWA seeks living wage for Asia's garment workers

Ahead of an International Labour Organization (ILO) conference, a...

Courtesy- Kornit Digital

Textiles | On 27th May 2016

Kornit introduces Storm Hexa digital printers at CITPE

Kornit Digital, an innovator in digital textile printing technology,...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

Which chemicals are likely to dominate the sustainable textiles industry?...

Siddharth Biyani
Mangalam Industries Pvt Ltd

How is the man-made fibre (MMF) industry shaping up? How is Mangalam...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

What is the influence of foreign trends and designs on Indian fashion?

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Steve Cole
Xerium Technologies

<b><i>Steve Cole of Xerium Technologies discusses the industry. Xerium is...

Kevin Nelson
TissueGen

<b><i>Kevin Nelson, Chief Scientific Officer, TissueGen discusses the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

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

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search