Tesco's CEO Philip Clarke resigns after profit warning

Britain's biggest supermarket chain appoints Dave Lewis to succeed Philip Clarke as chief executive as sales and trading profit in the first half drop below expectations

Tesco chief executive Philip Clarke is leaving Britain's biggest retailer and will be replaced by Dave Lewis, a senior executive at Unilever.

Mr Lewis, who is president of personal care at Unilever and a non-executive director of BSkyB, will become the first ever outsider to run Tesco and will be tasked with turning around the ailing retailer.

Tesco shares rose 1.6pc in early trading on Monday, despite the retailer issuing a major profits warning alongside news of Mr Clarke's exit. (index.hu, MTI)