Tesco in Britain will name Gerry Murphy as its next chairperson
Gerry Murphy, the current chair at Burberry and Tate & Lyle, has been appointed as the new chairperson of Tesco, Britain’s largest supermarket operator.
The decision was announced on Saturday.
Murphy, an Irish businessman, will assume the position on September 1, taking over from John Allan, who resigned in June due to allegations of inappropriate behavior that could potentially distract the business.
Allan, a prominent figure in the British corporate world and often featured in media discussions on retail and general business matters, had chaired Tesco for approximately eight years.
Tesco’s incoming chair expressed appreciation for Allan’s contributions and stated that the company is in a strong position for the future.
Following Allan’s resignation, Byron Grote, the senior independent director, temporarily assumed the role of interim chair.
However, with Murphy’s appointment, Grote will step down from the interim position and return to his previous role.
Additionally, Murphy will step down from his position at Tate & Lyle, a British food ingredients maker.
In response, Tate & Lyle announced that Warren Tucker, the current chair of the audit committee, will serve as an interim chair while the board searches for a permanent successor.
