Tesco Chair John Allan to Step Down; Byron Grote Named Interim Chair
19 Maio 2023 - 10:40AM
Dow Jones News
By Joe Hoppe
Tesco said Friday that Chair John Allan will step down from his
role and as a director of the company at the annual meeting on June
16, and named Senior Independent Director Byron Grote as interim
chair.
The British grocer said Mr. Allan's tenure as chair was due to
end shortly and a succession planning process, already initiated in
recent months, is expected to conclude in the near future. Allan
had been appointed in 2015.
The company said four allegations have been made in the media in
recent weeks in relation to Allan's personal conduct. Three of the
allegations are vigorously denied by Allan and he has unreservedly
apologised for the comment he made in the other.
"While we have received no complaints about [Allan]'s conduct
and made no findings of wrongdoing, these allegations risk becoming
a distraction to Tesco. We are well advanced in our search for a
new chair and will make an announcement in due course," Grote
said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
May 19, 2023 09:25 ET (13:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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