Blog: Dean BestFormer Tesco chief Leahy takes US private-equity role

Dean Best | 18 May 2011

Sir Terry Leahy, the former chief executive of UK retail giant Tesco, has checked in at Clayton, Dubilier & Rice, the US private-equity firm.

Leahy has joined the group as a senior advisor and follows in the footsteps of another UK retail veteran, Sir Stuart Rose, in entering the world of private equity.

In September, after quitting as Marks and Spencer chief executive, Rose joined private-equity firm (and Pret a Manger owner) Bridgepoint.

Leahy said CD&R, which owns UK catering supplier Brakes and Ahold's former foodservice arm in the US, had demonstrated "time and again the ability to build better businesses".

Among the advisors Leahy will work alongside at CD&R are Vindi Banga, the former head of Unilever's food, home and personal care businesses.


BLOG

Premier Foods pension news offers cheer but challenges remain

Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....

BLOG

Another reshuffling of pack at Hain Celestial

Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....

BLOG

FrieslandCampina looking to sell final non-dairy asset

FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....

BLOG

just-food back up and running

To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....

just-food homepage



Forgot your password?