Tesco PLC announces departure of Richard Cousins; Deanna Oppenheimer to succeed as Senior Independent Director

CHESHUNT, England, 2017-Jan-04 — /EPR Retail News/ — In accordance with Listing Rule 9.6.11, Tesco PLC today (3 Jan 2017) announces that Richard Cousins has decided to resign as a Non-Executive Director with immediate effect.

Deanna Oppenheimer will succeed Richard Cousins as Senior Independent Director with immediate effect.

John Allan, Chairman, said “On behalf of the Board, I would like to thank Richard for his strong contributions to the deliberations of the Tesco Board over the last two years and particularly for his insights and invaluable advice as we have delivered an unprecedented level of change across the business. We wish him well for the future.

I am delighted that Deanna Oppenheimer has accepted the Board’s invitation to become Senior Independent Director.”

Enquiries:
Group Company Secretary
Robert Welch
07793 222569

Media:
Ed Young
01707 918701

Investors:
Chris Griffith
01707 912900

Source: Tesco PLC

Tesco PLC announces that Lindsey Pownall will join the Board as additional independent Non-Executive Director from 1 April 2016

CHESHUNT, England, 2016-Mar-22 — /EPR Retail News/ — Tesco PLC is pleased to announce that Lindsey Pownall will join the Board as an additional independent Non-Executive Director with effect from 1 April 2016. From that date, Lindsey will also join the Corporate Responsibility Committee.

Lindsey Pownall was, until 31 December 2015, Chief Executive of Samworth Brothers, the leading UK supplier of premium quality chilled and ambient foods. Lindsey has significant experience in food, grocery and retail brand development, as well as a wealth of experience in supply leadership and strategic development.

John Allan, Chairman, said:

“I’m delighted to welcome Lindsey as a Non-Executive Director. She brings a wealth of relevant experience, and complements the existing skills and experience on the Board. She will undoubtedly be a valuable addition to the Board.”

There are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6) in respect of Lindsey Pownall.

For more information please contact the Tesco Press Office on 01707 918 701
We are a team of 480,000 in 11 markets dedicated to serving shoppers a little better every day.

SOURCE: Tesco

Tesco PLC welcomes Alison Platt and Simon Patterson to its Board as independent Non-Executive Directors

CHESHUNT, England, 2016-Jan-16 — /EPR Retail News/ — Tesco PLC is pleased to announce that Alison Platt and Simon Patterson will join the Board as additional independent Non-Executive Directors with effect from 1 April 2016. In addition, from that date, Alison Platt will join the Remuneration Committee, and Simon Patterson will join the Audit Committee.

Alison Platt is the Chief Executive of Countrywide plc, the UK’s largest property services group, and has a wealth of relevant experience of the property sector and customer service delivery. She also has significant business to business and international commercial experience. Alison was previously Managing Director at Bupa, responsible for International Development Markets, and has held a range of senior posts including Chief Operating Officer of the UK private hospitals business at Bupa and a number of senior positions in British Airways. She is a non-executive director of Cable & Wireless Communications plc, and was previously chair of ‘Opportunity Now’, which seeks to accelerate change for women in the workplace. Alison was also a non-executive director of the Foreign & Commonwealth Office between 2005 and 2010.

Simon Patterson is a Managing Director of Silver Lake Partners, a leading global technology investment firm, having joined the firm in 2005. He is currently a board member of Dell and Intelsat, and previously served on the boards of Skype, MultiPlan and Gerson Lehrman Group. Prior to joining Silver Lake, he was a member of the founding management team of the logistics software company GF-X (acquired by Descartes) and worked in various management roles at the Financial Times. He is a Trustee of the Natural History Museum in London, a Non-Executive Director of N Brown Group plc, and a member of the Advisory Board of the Prince’s Trust. Mr. Patterson holds an M.A. from King’s College, Cambridge University and an M.B.A. from the Stanford University Graduate School of Business, where he was an Arjay Miller Scholar and received the Alexander Robichek Award for Finance.

John Allan, Chairman, commented:

“I am delighted to welcome Alison and Simon to the Board and I know that their broad range of skills and experience will be a real asset to the Company. The Board and I very much look forward to working with them over the coming years.”

There are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6) in respect of Alison Platt and Simon Patterson.

We are a team of 480,000 in 11 markets dedicated to serving shoppers a little better every day.

Enquiries:

Company Secretary:
Paul Moore:01707 913 005

Media:
Steve Milton:01707 918 701

Investors:
Chris Griffith:01707 912 900

John Allan to become Tesco Chairman on 1 March 2015

Cheshunt, England, 2015-2-18 — /EPR Retail News/ — Following Richard Broadbent’s decision to step down as Chairman, Tesco today announces that John Allan will join the Board and be appointed Chairman on 1 March 2015. Richard Broadbent will step down from the Board on the same date.

Richard Broadbent, Chairman, said:

“I am delighted that John has agreed to join us and take on the role of Chairman of the Board. I am sure that his wide expertise, his experience and his personal qualities will contribute greatly to the future of the Group.”

Patrick Cescau, Senior Independent Director, said:

“Following a deep and thorough process run by a committee of independent non-executive directors, the Board unanimously agreed that John Allan was the right candidate to chair Tesco at this important time. On behalf of the Board I would like to thank Richard for his work as Chairman. He has served the business with unflinching commitment through a period of unprecedented change, and put in place a new senior leadership team for the next stage of Tesco’s development.”

John Allan said:

“I’m very pleased to be taking on this role at such a critical moment for the business and look forward to working with the new executive team and the Board.”

Biographical note

John Allan’s early career was with Lever Bros and Bristol-Myers in a variety of marketing roles. He then spent eight 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 nine 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 five 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.

Notes

Following his appointment to the Tesco Board, John Allan will step down from the Boards of Dixons Carphone and Royal Mail. He will be resigning with immediate effect from his role as a senior advisor to Alix Partners and he will step down as Chair of the DHL UK Foundation as soon as a successor is found, which is anticipated to be within three months. He is expected to continue in his other roles as Chairman of Barratt Developments and WorldPay.

John Allan will be paid a fee of £650,000 per annum, fixed for three years, inclusive of all Board fees, in respect of his role as Chairman of Tesco PLC.

John was a non-executive director of National Grid plc and 3i plc within the last five years.

There are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6) in relation to this appointment.

For more information please contact the Tesco Press Office on
01992 644645

We are a team of over 500,000 people in 12 markets dedicated to providing the most compelling offer to our customers.

###