LONDON – Tesco boss Dave Lewis, credited with saving Britain’s biggest retailer from collapse in 2014, will step down next summer after declaring its turnaround complete, handing over to a relative unknown catapulted into one of the sector’s top jobs.
Celebrating its 100th anniversary, Tesco is five years into a recovery plan launched by Lewis after an accounting scandal capped a dramatic downturn in trading.
Successor Ken Murphy, a former executive at healthcare group Walgreens Boots Alliance (WBA.O), will become the second outsider to lead Tesco, following in the footsteps of former Unilever (ULVR.L) executive Lewis.
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