Tesco begins hunt for new chair as John Allan prepares to stand down
Supermarket chain Tesco is drawing up succession plans for long-serving chair John Allan as he prepares to step down from his role in 2024.
The UK’s biggest retailer will kick off its search for a new chair in 2023 and is in the process of appointing an external headhunter to assist in its search, according to Sky News.
The search for Allan’s successor will be led internally by Byron Grote, the former BP finance chief, who will also be stepping down from Tesco’s board next year.
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