Tesco International CEO to Leave as Part of Focus on Asia, Central Europe
March 20 2017 - 8:25AM
Dow Jones News
By Ian Walker
LONDON--Tesco PLC (TSCO.LN) said Monday that International Chief
Executive Trevor Masters would leave the business at the end of May
after 38 years of service, as the company focuses on Asia and
Central Europe.
The U.K.'s no. 1 grocer by market share said that following the
sale of its Turkish business, it would give greater focus to Asia
and Central Europe. As part of this, the company has created two
roles to lead Asia and Central Europe, which will be filled by
company veterans.
From April 1, Tony Hoggett will become Tesco's CEO for Asia and
Matt Simister will become CEO for Central Europe.
Mr. Hoggett joined Tesco as a 16-year-old student in 1990. He
managed a number of stores across northern England before being
promoted to stores director.
Mr. Simister joined Tesco in 1996 as a marketer, before working
across different categories in the product team.
Tesco shares at 1135 GMT were up 0.55 pence, or 0.3%, at 187.9
pence.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 20, 2017 08:10 ET (12:10 GMT)
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