Tesco has stated it will appoint Booker chief executive Charles Wilson as the new CEO of its UK & Ireland retail arm after the retailer’s £3.7 billion acquisition of Booker is completed.
Wilson will replace Tesco’s current UK & Ireland CEO Matt Davies, who will be leaving the company at the end of April.
Tesco’s purchase of wholesaler Booker is expected to be completed in March, as the UK’s Competition and Markets Authority (CMA) approved the merger after concluding that the acquisition of the wholesaler did not raise competition concerns.
Tesco group’s CEO Dave Lewis said: 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.
“Charles is ideally suited to lead the UK & ROI business for the combined group in the next phase of our turnaround.
“I would also like to thank Matt for his outstanding contribution to the business over the last three years. His values-based leadership and invaluable support have been instrumental to the significant progress we have made in the transformation of the UK & ROI business.”
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