UK: Tesco strategy director Fleming steps down
Tesco has been struggling to turn around its performance following a fall in half-year profits last month
UK retail giant Tesco has confirmed the departure of its group strategy director Michael Fleming.
A spokesperson for the retailer told just-food today (19 November) that Fleming has taken a sabbatical and therefore stepped down from the role. Tesco has appointed Sergei Spiridonov from the consultancy McKinsey as a replacement.
The spokesperson said the appointment was a permanent one and that Fleming would not be returning into that role but declined to comment beyond that.
The retailer has been struggling to turn around its performance following a fall in half-year profits last month and is embarking on a series of initiatives to revitalise its domestic business.
The move follows a suggestion by Tesco last month that it is on the lookout for a successor to its European head Gordon Fryett amid reports he is to retire. Fryett, who was appointed into the role last December, is reported to be retiring in around a year's time, according to The Financial Times.
Tesco also saw the departure of its head of UK operations Richard Brasher in March.
- Interview: Mondelez eyes sweet success in China
- The benefits of engaging staff in sustainability
- How food companies involve staff in sustainability
- Why Danone is withdrawing Dumex from Vietnam
- How PepsiCo is taking action on palm oil
- 2 Sisters chief Boparan buys Bernard Matthews
- Fonterra says value-added strategy paying off
- B&G Foods acquires ABF's US spice business
- General Mills profit falls as sales disappoint
- MP calls for probe into Bernard Matthews "sale"
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Global Foodservice Market 2016-2020
- Global Food and Drinks Closures: Performance and Opportunities
- Fast Food Restaurants in the US - Industry Market Research Report