Tesco Announces Major Changes to Executive Committee

Retail Analysis has the news of big internal changes with the winners and losers….

Tesco has announced the following changes to the Executive Committee:

  • Jill Easterbrook, chief customer officer, will lead Tesco’s business transformation programme. Easterbrook was only promoted to her current role in June when she took the leadership role of Tesco’s group and UK marketing teams. Previously she was managing director, developing businesses, where she oversaw the operations including One Stop, Dobbies, and Tesco’s Health & Wellness business, which she continues to manage.
  • Benny Higgins, CEO of Tesco Bank, will take on responsibility for group strategy in addition to his role leading the Bank and international financial services business. Higgins has led Tesco Bank since Tesco bought out the 50/50 joint venture from RBS in 2008.
  • Rebecca Shelley, group corporate affairs officer, will lead corporate communications while the Investor Relations team will report to the group CFO, Alan Stewart. Shelley joined Tesco in 2012 from corporate communications agency, Brunswick.
  • Jason Tarry, CEO of F&F, has been appointed as the head of Commercial for the UK and the Group.  Tarry has led Tesco’s clothing business since December 2012 when he succeeded Jill Easterbrook on her promotion to lead Tesco’s developing businesses.
  • Robin Terrell, group multichannel director, will become Tesco’s head of Customer. He joined the business in February 2013, having held similar roles at John Lewis and House of Fraser. Besides leading the development of Tesco’s online an digital strategy, Terrell has also recently led Tesco’s internal investigation into its profits overstatement.
  • The changes to the leadership team mean that two roles will no longer be needed.  These include Matt Atkinson’s role as Chief Creative Officer and David Hobbs’ as Group Business Planning and Strategy Director.
  • All changes to the Executive will be effective from 1st January. During the transition Dave Lewis will, on a temporary basis, take over the day to day leadership of the UK operation.

For the latest on Tesco’s strategy, click here for our analysis of Tesco’s interim results.

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