Tesco to appoint Booker CEO once takeover deal is complete

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Tesco
Tesco will appoint Charles Wilson as its new CEO once the takeover of booker is complete

 

 

 

 

 

 

 

Tesco will appoint Booker chief executive Charles Wilson to oversee its UK and Ireland businesses, after it completes its proposed £3.7 billion takeover of the wholesaler, due to be take place next month.

Wilson, who has led Booker since 2005, will be number two to Tesco’s overall chief executive, and will step into the role currently held by Matt Davies, who will leave the group at the end of April 2018.

Dave Lewis, Tesco’s overall chief executive, said in a statement: “I am delighted Charles will be joining the Tesco Board and executive committee. He brings substantial commercial and retail experience and has an exceptional track record of increasing performance and driving growth in customer-focused businesses.”

The company announced its £3.7 billion merger with wholesaler Booker in January 2017, and was given the green light by competition watchdogs at the end of last year.

The firm also noted that operating profit is expected to come in at £1.57 billion for the year ending 24 February.

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