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Monday, March 30, 2015

Tesco director Patrick Cescau quits supermarket

http://ift.tt/1zOTteM

Patrick Cescau led the search for a new chairman and was involved in the removal of chief executive Philip Clarke


Tesco is continuing to overhaul its boardroom with Patrick Cescau, who was the director closely involved in the replacement of the supermarket’s chief executive and chairman, becoming the latest to leave.


Cescau led the search for a new chairman to replace Sir Richard Broadbent and was also involved in the decision in July to oust Philip Clarke as chief executive as the supermarket’s financial performance deteriorated. Clarke was replaced in September by Dave Lewis, who was hired from Unilever where Cescau was chief executive from 2005 to 2009.


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