Tesco has appointed Dave Lewis as its new Chief Executive Officer (CEO), effective 1 October 2014.

  • He will replace Philip Clarke who will continue to work till Lewis's appointment and will further support the transition till January 2015.
    • Clarke will also continue to remain as the Chairman of joint venture with China Resources Enterprise (CRE) in China until January 2015.
  • Tesco also announced that current trading conditions are more challenging than they anticipated at their  first quarter interim management statement on 4th June. 
  • Lewis brings in international consumer experience along with his knowledge in change management, business strategy, brand management and customer development.
    • Lewis is currently President, Personal Care at Unilever and is also Non-Executive Director of British Sky Broadcasting Group.