Tesco chief executive Dave Lewis to step down

Tesco chief executive Dave Lewis is to step down from the retailer next year after leading a turnround of the company since 2014. Mr Lewis will be succeeded by Ken Murphy, currently chief commercial officer at Walgreens Boots Alliance. "It is with regret that I have accepted the resignation of Dave Lewis as group chief executive of Tesco," said chairman John Allan. "Dave has done an outstanding job in rebuilding Tesco since 2014 and he continues to have unwavering support from the board." Mr Lewis, who spent almost three decades at Unilever, was a surprise choice to lead Tesco when he was appointed in 2014.

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