Tesco chairman Sir Richard Broadbent said that the grocer needed a “fresh perspective” to move forward and that incoming chief executive Dave Lewis will build on what Philip Clarke has started.
Broadbent told Retail Week: “Philip did and does have the support of the board and Dave will build on what he has done. We all know the retail market is changing and there comes a point when we know that person has completed their task and it is time for someone else to take over.”
Broadbent said: “We needed a fresh perspective and it was time to hand over.”
Tesco chief executive Philip Clarke will step down in October and Dace Lewis, president, personal care at Unilever, will succeed him. Clarke will continue to provide support to Lewis until January 2015.