On the move: What's in store from Tesco's new CEO?
Tesco CEO Philip Clarke is to step down from the UK retailer, with the announcement made this morning (21 July) alongside another profit warning. Clarke will be replaced by Unilever executive Dave Lewis in October. While investors have responded positively to the news, manufacturers doing business in the UK may be waiting with baited breath to see if Lewis will respond to Tesco's strategic problems by extending its price focus. Katy Askew reports.
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