Tesco is continuing to overhaul its boardroom with Patrick Cescau, who was the director closely involved in the replacement of the supermarket’s chief executive and chairman, becoming the latest to leave.
Cescau led the search for a new chairman to replace Sir Richard Broadbent and was also involved in the decision in July to oust Philip Clarke as chief executive as the supermarket’s financial performance deteriorated. Clarke was replaced in September by Dave Lewis, who was hired from Unilever where Cescau was chief executive from 2005 to 2009.
As the board’s senior independent director Cescau was the contact point for shareholders who had lost faith in Tesco’s chief executive and chairman, andwill leave on 7 April.
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