REG - Tesco PLC - Directorate Change

TescoAnnouncement

28/02/2023 10:00

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RNS Number : 2194R  Tesco PLC  28 February 2023

28 February 2023

 

Tesco PLC

 

CHANGES TO BOARD AND COMMITTEE COMPOSITION

 

Tesco PLC is pleased to announce that Dame Carolyn Fairbairn will be joining
the Board as a Non-executive Director with effect from 1 September 2023.
 Dame Carolyn will also be appointed as a member of the Remuneration
Committee and Corporate Responsibility Committee.

 

The Company further announces that Lindsey Pownall does not intend to seek
re-election to the Board at the Company's 2023 Annual General Meeting and will
formally retire from the Board at the conclusion of the AGM.

 

Lindsey's retirement from the Board will mean that she also steps down from
her role as Chair of the Corporate Responsibility Committee and will be
succeeded by Stewart Gilliland.

 

John Allan, Chairman, commented:

 

"I'm delighted to welcome Carolyn to the Board as a Non-executive Director. As
a highly regarded business leader with a deep understanding of the
macroeconomic and political environment with significant experience across the
media, government and finance sectors, Carolyn will be a real asset to the
Board.

On behalf of the Board, I would like to thank Lindsey for her outstanding
commitment and invaluable contribution to the Board and its Committees over a
number of years. We wish her well for the future".

 

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

Contacts:

 

 Investor relations  Chris Griffith       +44 (0) 1707 940 900
 Media               Christine Heffernan  +44 (0) 330 6780 639

 

LEI Number: 2138002P5RNKC5W2JZ46

 

Notes:

 

Dame Carolyn is currently a non-executive director of HSBC Holdings plc, Chair
of the Board of Trustees of Royal Mencap Society and an honorary fellow of
Gonville and Caius College, Cambridge, and of Nuffield College, Oxford.

Dame Carolyn served as the Director-General of the Confederation of British
Industry from 2015 to 2020. She has been a Non-executive Director of Lloyds
Banking Group plc, The Vitec Group plc, Capita plc and BAE Systems plc. . She
has also served as a Non-executive Director of the UK Competition and Markets
Authority and the Financial Services Authority and a Trustee of Marie Curie.
Dame Carolyn held senior executive positions at the BBC and ITV, was a partner
at McKinsey & Co specialising in digital and media and was a member of
Prime Minister John Major's Number 10 Policy Unit.

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