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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Tesco PLC    TSCO   GB0008847096

TESCO PLC (TSCO)

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Tesco : International CEO to Leave as Part of Focus on Asia, Central Europe

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03/20/2017 | 01:11pm CEST

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 [email protected]; @IanWalk40289749

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Financials ( GBP)
Sales 2018 57 219 M
EBIT 2018 1 486 M
Net income 2018 661 M
Debt 2018 3 770 M
Yield 2018 1,77%
P/E ratio 2018 20,77
P/E ratio 2019 15,32
EV / Sales 2018 0,33x
EV / Sales 2019 0,31x
Capitalization 15 295 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 2,02  GBP
Spread / Average Target 7,9%
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Managers
NameTitle
David Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operating Officer
Alan J. H. Stewart Chief Financial Officer & Executive Director
Edmond Mesrobian Chief Technology Officer
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