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Tesco appoints John Allan as new chairman
23
Feb '15
The UK-based multinational grocery and general merchandise retailer Tesco has appointed John Allan as the new chairman and a member of the company’s board of directors, effective from March 1, 2015.

John Allan is currently a deputy chairman and SID of Dixons Carphone, which was the best performer in the FTSE 100 in 2014. He is also the chairman of Barratt Developments and chairman of Worldpay.

Richard Broadbent, who is currently the chairman of the company said, “I am delighted that John has agreed to join us and take on the role of chairman of the Board. I am sure that his wide expertise, his experience and his personal qualities will contribute greatly to the future of the Group.”

Patrick Cescau, senior independent director of Tesco said, “Following a deep and thorough process run by a committee of independent non-executive directors, the Board unanimously agreed that John Allan was the right candidate to chair Tesco at this important time.”

John Allan said, “I’m very pleased to be taking on this role at such a critical moment for the business and look forward to working with the new executive team and the Board.” (GK)

Fibre2fashion News Desk - India

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