Oct 2, 2019
Tesco boss Dave Lewis in shock departure
Tesco has announced that its chief executive Dave Lewis is stepping down after five years in the role. Mr Lewis said the decision was "Personal one" and Tesco chairman John Allan said he had accepted the resignation with "Regret". He will be replaced by Ken Murphy, who has held senior positions at Walgreens Boots Alliance. His departure was announced as Tesco reported a 6.7% rise in first-half profits to £494m. Mr Lewis said his decision was a "Personal one". Shortly after he took the helm in 2014, the chain reported the biggest loss suffered by a UK retailer of £6.4bn and after he had uncovered issues with the retailer's accounts.
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