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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 ian.walker@wsj.com; @IanWalk40289749

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Financials ( GBP)
Sales 2017 55 669 M
EBIT 2017 1 249 M
Net income 2017 407 M
Debt 2017 4 570 M
Yield 2017 0,15%
P/E ratio 2017 36,74
P/E ratio 2018 20,33
EV / Sales 2017 0,36x
EV / Sales 2018 0,35x
Capitalization 15 553 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 2,03  GBP
Spread / Average Target 6,6%
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Managers
NameTitle
David Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Alan J. H. Stewart Chief Financial Officer & Executive Director
Edmond Mesrobian Chief Technology Officer
Deanna Watson Oppenheimer Senior Independent Non-Executive Director
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