Tesco has announced that its chief executive Dave Lewis is to leave the business after five years in the role.
He will be succeeded by Walgreens Boots Alliance chief commercial officer, Ken Murphy.
John Allan, Tesco chairman, said: “It is with regret that I have accepted the resignation of Dave Lewis as group chief executive of Tesco, who has decided that he wants to leave the business in the summer of 2020.
“Dave has done an outstanding job in rebuilding Tesco since 2014 and he continues to have unwavering support from the board. Some time ago, however, he indicated to me that he was considering the best time to hand over to a successor.”
Murphy was previously the chief operating officer at Boots. He has also spent time working with Alliance Unichem.
Allan added: “Ken has values which align with our own, strong strategic and operating acumen, and is proven at the very top of a large and respected multinational retail group. I firmly believe we have the right person for the job.”
