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Tesco director to retire
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26th June 2012
Supermarket operator Tesco (LON:TSCO) announces that Dame Lucy Neville-Rolfe CMG, the Executive Director responsible for Corporate and Legal Affairs, will retire on her 60th birthday on 2 January 2013.
Chief Executive Philip Clarke said: "During her period at Tesco Lucy has transformed the professionalism of the corporate affairs function at Tesco as well as, on the legal side, leading for the company on 3 major competition enquiries. Lucy has always shown unrelenting determination and great finesse and Tesco is indebted to her for many outstanding achievements, not least for leaving behind her a strong team. Our position, both at home and overseas, is undoubtedly much better as a consequence. We will miss her wise counsel when she retires in six months' time".
Neville-Rolfe said: "I have had a fascinating career at Tesco and have greatly enjoyed representing our interests around the world and building a great team. The company has grown enormously in size and profits since I joined and I am proud that, with many others, I have contributed to its success."
Neville-Rolfe's responsibilities will be divided between Adrian Morris, who will join from BP as Group General Counsel on 3 September and Rebecca Shelley, who joined the Group from Brunswick on 1 May and will take responsibility for Corporate Affairs. Both will join the Group Executive Committee chaired by Philip Clarke.
At 10:05am: (LON:TSCO) Tesco share price was -0.3p at 308.9p
Story provided by StockMarketWire.com
