Blog: Former 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.
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