Alongside its Christmas trading update, Tesco has announced a number of senior management changes across its executive committee, including the appointment of a new UK Managing Director.
Chris Bush appointed as UK MD
Chris Bush, who has held the role of UK COO for the past nine months, has been appointed as the new UK Managing Director and will oversee the day-to-day running of Tesco's largest business. Bush has over 30 years of experience working for Tesco and has held senior roles in Korea, Malaysia and Thailand previously. Since March last year, Group CEO Philip Clarke has been temporarily overseeing the UK business. However, following the implementation of a £1bn six-part investment plan to 'build a better Tesco', where he worked closely with Chris Bush and the subsequent improving trend in performance of the UK business, resulting in Tesco's best growth for three years over Christmas. Clarke has decided the time is right to refocus on his group responsibilities.
Clarke described Chris Bush as a 'very talented retailer and leader' and although handing over the UK reins, reiterated that he would be keeping a close eye on Tesco's UK operations. Going forward, Bush and Clarke will set the vision and strategy for the UK together, with Bush and his experienced leadership team in place to execute it. That team will also now include Gerry Grey as UK COO, who will return to the UK after two years as CEO in Hungary.
For more information on Chris Bush and our perspective on his immediate priorities - click here
Four new additions to the Executive Committee
Chris Bush's promotion will see him elevated to a position on the Tesco Executive Committee, which also has three other new appointments:
- Jill Easterbrook - described by Philip Clarke as 'one of our most talented leaders'. Easterbrook currently has a role that oversees the strategic leadership of Tesco Ireland, Tesco Mobile, Dobbies, One Stop, Nutri Centre and Blinkbox. With experience in commercial strategy and store operations, she will bring wide ranging experience to the panel that sets Tesco's Group strategy.
- Benny Higgins - currently heading up the Tesco Bank, since its acquisition in 2008. Tesco hopes that Higgins will bring a new perspective, as well as his 15 years of experience as a senior banker, to the committee.
- Robin Terrell - an external appointment and regarded as 'one of the most influential and experienced leaders in multi-channel retailing in the UK'. Terrell becomes Tesco's new Multi-Channel Director. With Tesco's online and digital ambitions and Terrell's experience in a similar role at John Lewis and House of Fraser, from where he joins, plus a six year stint as Amazon's UK MD. He will be a good fit to help the retailer realise its global ambitions in this area and also bring a new future thinking perspective to Group strategy. He joins Tesco in February.
Ken Towle becomes Managing Director for Europe
With the planned retirement of Gordon Fryett, Tesco's European CEO and Group Property Director, in November and the recruitment of Robin Terrell. The current Internet Retailing Director, Ken Towle has taken up the position of Regional Managing Director for Europe. Towle has experience in both UK and international operations, having before recently returning to the UK, been CEO of the Tesco business in China. Fryett will now focus on his role as Group Property Director, with both Towle and himself remaining on the Executive Committee.
To find out about Tesco's sales performance over the Christmas period please read IGD's take on the results here.
Learn more on April 25 at Wembley........
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