Tesco Says Booker CEO Charles Wilson Will Retire Next Year
September 07 2020 - 9:47AM
Dow Jones News
By Matteo Castia
Tesco PLC said Monday that Charles Wilson will retire next year
from his role as chief executive of Booker, the company's wholesale
food business.
The U.K.'s largest grocer by market share said Mr. Wilson will
retire in February 2021 after 15 years at the helm of Booker.
Mr. Wilson said he is retiring due to health reasons and that
Tesco Chief Product Officer Andrew Yaxley will replace him at the
head of Booker.
Mr. Yaxley will be succeeded as chief product officer by Ashwin
Prasad, who is being promoted from his role as commercial director
for packaged food, the company said.
Shares at 1310 GMT were up 1.6 pence, or 0.7%, at 217.4
pence.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
September 07, 2020 09:32 ET (13:32 GMT)
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