Tesco Plc
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Company Profile
Founded from a market stall in London's East End in 1919, Tesco has grown into one of the world's largest retailers with thousands of stores across Europe and Asia. Headquartered in Cheshunt, England, the grocer has the largest share of the domestic market and sells everything from food and drink, to furniture, electronics and petrol.
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Corporate
Board of Directors
John Allan
Chairman
John Allan joined the Board of Tesco PLC on 1 March 2015 and was appointed Chairman. His early career was with Lever Bros and Bristol-Myers in a variety of marketing roles. He then spent 8 years at Fine Fare, a subsidiary of ABF where he was the Retail Director for Marketing, Buying and Retail Operations. He was a Divisional CEO at BET for 9 years. He became CEO of Ocean Group plc in 1994 and then of Exel when Ocean Group merged with NFC in 2000 to become Exel plc, the global leader in Logistics, operating in 60 countries and ultimately with 115,000 employees. Exel was acquired by Deutsche Post in 2005 for a share price 5 times that of 1994, and John joined the board of Deutsche Post to manage the integration, and subsequently the new Logistics Division with 150,000 employees and a turnover of over 27 bn Euros. In 2007 he was invited to become CFO of Deutsche Post - a post he held until his retirement and return to the UK in 2009. John became Chairman of Dixons Retail in Sept 2009. Dixons conducted a comprehensive turnaround programme during which the share price more than quadrupled, culminating in a friendly merger of equals with Carphone Warehouse in August 2014 to form Dixons Carphone. He is currently a Deputy Chairman and SID of the new company, which was the best performer in the FTSE 100 in 2014. He is also Chairman of Barratt Developments and Chairman of Worldpay. Committee membership: Corporate Responsibility, Committee, Nominations Committee, Remuneration Committee
Dave Lewis
Group Chief Executive
Dave Lewis became Group Chief Executive of Tesco on Monday 1 September 2014. He joined Unilever in 1987 after completing a BA (Hons) in Business Studies at Trent Business School, Nottingham. Over nearly 28 years Dave worked in a variety of roles with Unilever, which took him across greater Europe, Asia and the Americas. His last three roles were Chairman for Unilever in the UK and Ireland, President for the Americas and Global President, Personal Care. During his career, Dave has been responsible for a number of business turnarounds, such as Home and Personal Care Central and Eastern Europe, and Unilever UK/Ireland.
Alan Stewart
Chief Financial Officer
Alan Stewart joined the Board of Tesco PLC on Tuesday 23rd September 2014. Alan has extensive financial experience in retail having been CFO at Marks & Spencer and WH Smith. He started his career in investment banking with HSBC. He became CFO at Thomas Cook Holdings in 1998 and was appointed UK CEO in 2001. From there he moved to WH Smith as Group CFO. In 2008 he was appointed CFO at AWAS, a leading aircraft leasing business, before moving to M&S in 2010. He is also a NED Executive Director of Diageo plc.
Richard Cousins
Senior Independent Director
Richard Cousins was appointed a Non-executive Director on 1 November 2014 and became Senior Independent Director on 7 April 2015 Richard has been the Group CEO of the Compass Group PLC since 2006 and is also a member of the advisory board of Lancaster University Business School. Prior to joining Compass, he worked for 15 years for BPB PLC and was Group Chief Executive from 2000 to 2005. Richard was a Non-executive Director of Reckitt Benckiser Group PLC from 2009 to 2014 and of HBOS PLC and Bank of Scotland from 2007 to 2009. Committee membership: Nominations Committee, Audit Committee
Mark Armour
Non-executive Director
Mark was Chief Financial Officer of Reed Elsevier Group plc from 1996 until 2012 and of its two parent companies, Reed Elsevier PLC and Reed Elsevier NV. Prior to joining Reed Elsevier in 1995, Mark was a partner of Price Waterhouse in London. He is a Non-executive Director of the Financial Reporting Council and a Non-executive Director and Chairman of the Audit Committee of SABMiller plc. Mark is also a fellow of the Institute of Chartered Accountants.
Byron Grote
Non-executive Director
Byron was appointed to the Tesco Board on 1 May 2015 and became Audit Committee Chairman on 26 June 2015. He is also currently a Non-executive Director on the Boards of Anglo American, Akzo Nobel NV and Standard Chartered and was previously a Non-executive Director of Unilever. Byron served as an Executive Director at BP from 2000 until 2013. He was the Chief Financial Officer at BP from 2002 until 2011, following two years as Chief Executive of BP Chemicals.
Mikael Olsson
Non-executive Director
Mikael Olsson was appointed a Non-executive Director on 1 November 2014. Mikael was CEO and President of the IKEA Group from 2009 until 2013. During his 34 years at IKEA he held a wide range of roles across the IKEA business and was a member of the Executive Management Group of the IKEA Group from 1995 until 2013. He is a Non-executive Director of Volvo Car Corporation, Ikano S.A. and Lindengruppen. Committee membership ●Remuneration Committee ●Corporate Responsibility Committee
Deanna Oppenheimer
Non-executive Director
Deanna Oppenheimer was appointed a Non-executive Director on 1 March 2012 and was appointed to the Board of Tesco Bank as a Non-executive Director effective from 17 July 2012. She was appointed as Chairman of the Remuneration Committee on 1 January 2015. Deanna held various senior roles at Barclays, including Vice Chair of Global Retail Banking and also as Chief Executive of Europe Retail and Business Banking. She has also served as a Non-executive Director of Catellus and Plum Creek Timber. Deanna is currently CEO of CameoWorks LLC and a Non-executive Director at NCR Corporation and at The AXA Group. Committee membership ●Corporate Responsibility Committee ●Remuneration Committee ●Nominations Committee
Paul Moore
Company Secretary
Paul Moore was appointed as Group Company Secretary in January 2015. He has previously held the position of Group Company Secretary at Intertek Group plc and at Kingfisher plc. Paul has also held senior company secretarial positions at a number of leading FTSE100 companies including Centrica plc, BG Group plc, and Cable & Wireless Worldwide plc, and is a Fellow of the Institute of Chartered Secretaries and Administrators.