By John Glenday

Tesco has announced a changing of the guard after long-serving chief executive Dave Lewis unexpectedly tendered his resignation, clearing the way for his appointed successor Ken Murphy to step up to the plate.

The surprise decision will see Lewis exit the business in the summer of 2020, closing an era in which Tesco has restructured its operations amid ferocious competition from discounters .

In a statement chairman John Allan confirmed: “Dave has done an outstanding job in rebuilding Tesco since 2014 and he continues to have unwavering support from the Board. Some time ago, however, he indicated to me Read full story ›

Source: The Drum