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Tesco Approaches Candidates to Replace Chair John Allan, Sky News Reports

March 09, 2023 at 08:37 am EST

--Tesco has started approaching candidates to replace Chairman John Allan, who will step down next year given corporate-governance guidelines after serving nearly a decade, Sky News reports, citing unnamed sources.

--The U.K. grocer is working with headhunters in the search for a successor and a number of heavyweight potential candidates had been approached in recent weeks, Sky News reports.

Full story: https://bit.ly/3YA5gLS

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

03-09-23 0836ET

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John Allan

John Murray Allan is a British businessperson who has been at the head of 11 different companies and currently occupies the position of Non-Executive Chairman for Barratt Developments Plc and Non-Executive Chairman for Tesco Plc. He is also on the board of Natakate Ltd. and Vice President of Confederation of British Industry. Mr. Allan previously held the position of Chairman at London First, Chief Financial Officer for Deutsche Post AG Chief Executive Officer for Ocean Group Plc, Chief Executive Officer at Exel Plc and Chief Financial Officer of Deutsche Post World Net AG (which are all subsidiaries of Deutsche Post AG), Member-Supervisory Board at Deutsche Lufthansa AG, Principal at Bristol Myers Co. Ltd., Chairman for Samsonite LLC, Chairman for Care UK Health & Social Care Holdings Ltd., Chairman of Dixons Retail Group Ltd., Non-Executive Director at Worldpay Ltd., Retail Director-Marketing, Buying & Retail at Fine Fare Ltd., Principal at Lever Brothers Co. and Chairman for The DHL UK Foundation. He received an undergraduate degree from The University of Edinburgh.

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