New chairman at Tesco from March
The Tesco, Britain's biggest retailer, has named John Allan as its new chairman, succeeding Richard Broadbent who said in October he would step down in the wake of the supermarket's 263 million pounds profit overstatement.
Allan, a former chief executive of logistics group Exel, is tasked with restoring Tesco's battered reputation with investors and will start the job on March 1.
He will run the Tesco board as chief executive Dave Lewis, who joined in September, continues with his plan to fight back from years of market share losses, debt downgrades and the accounting scandal. (Kertész Róbert, MTI)
Related news
Black Friday deals at the largest domestic chains: Lidl, Tesco, Spar and many others
Black Friday fever will not leave customers and retail chains…
Read more >
The customer is the important to everyone, everywhere, at all times – We were learning together (Business Days 2024 Part 1)
Wednesday morning of the Business Days conference, the topic was…
Read more >
We can help those in need with as little as 250 forints – again a coupon donation drive in Tesco stores
For the 15th time, Tesco has joined the Ecumenical Aid…
Read more >Related news
Nestlé Szerencs factory expands with new solar park
The 1.5 GW annual capacity solar park will come into…
Read more >
A new chapter has opened in the history of Pizza Hut: The restaurant chain can be renewed based on the Hungarian model
On September 12, the ribbon was cut on Pizza Hut’s…
Read more >
150 million bottles, jars and aluminum cans have already been returned in Lidl stores
Lidl Hungary has reached a milestone in its new return…
Read more >
