REG - Tesco PLC - Appointment of Non-Executive Chair

TescoAnnouncement

03/07/2023 07:00

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RNS Number : 6461E  Tesco PLC  03 July 2023

1 July 2023

Tesco PLC

APPOINTMENT OF NON-EXECUTIVE CHAIR

Tesco PLC (the "Company") today announces that Dr Gerry Murphy will join the
Board and be appointed Chair on 1 September 2023.

Gerry Murphy has extensive global leadership experience in both executive and
non-executive roles. He is currently Chair of Burberry Group plc and Tate
& Lyle PLC. He will step down from Tate & Lyle PLC on 1 September 2023
to ensure he has sufficient capacity to act as Chair of Tesco. He has
previously served as a non-executive director of companies including British
American Tobacco plc, Merlin Entertainments plc, Novar plc, Abbey National plc
and Reckitt Benckiser plc.

Gerry Murphy's executive career was spent in retail and other customer-focused
businesses in senior leadership and commercial roles. Most recently he served
as group chief executive of Kingfisher plc. He was previously chief executive
of Carlton Communications plc, Exel plc and Greencore Group plc. He was also
previously Chair of The Blackstone Group International Partners LLP,
Blackstone's principal European entity.

Byron Grote, Interim Chair, commented:

"The Board conducted an extensive search for a new Chair and we are delighted
that Gerry is joining the Board and taking on the Chair role. He was the
unanimous choice of the Board and will bring to our Board a record of strong
and effective boardroom leadership and a deep understanding of retail and
consumer-focused businesses and corporate governance.  I know he will be a
great support to Ken Murphy and our management team, who welcome his
appointment."

Gerry Murphy commented:

"I am delighted to join the Tesco Board as its Chair. Tesco has a very
important role to play in its markets, serving customers, communities and the
planet a little better every day. I'm fully committed to helping Ken and the
Tesco team deliver on this purpose and very excited about the strategic
opportunities for growth across the Tesco group. I also want to pay tribute to
my predecessor, John Allan, whom I have known for many years. John has left
Tesco with its business, management and Board in great shape and fit for the
future."

Upon Gerry's appointment, Byron Grote will step down from his role as Interim
Chair and revert to his previous position as Senior Independent Director and
Chair of the Audit Committee.

Gerry Murphy will become Chair of the Nominations and Governance Committee
upon appointment.

There are no further details to be disclosed pursuant to Listing Rule 9.6.13
in connection with Gerry Murphy's appointment.

Tesco contacts:

Investor relations            Chris Griffith
     01707 940 900

Media                                 Simon
Rew                          0330 678 0639

Tesco PLC's LEI number is: 2138002P5RNKC5W2JZ46

 

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