Booker ceo to head up Tesco UK's retail arm
Tesco has announced that Charles Wilson, Booker’s chief executive, will become ceo of the multiple’s retail and wholesale operation in UK and Ireland after completion of the merger.
Wilson will take on the role at Tesco from the end of April when the current UK boss, Matt Davis, steps down from the role.
The supermarket’s chief executive Dave Lewis said: “I am delighted Charles will be joining the Tesco board and executive committee.
“He brings substantial commercial and retail experience and has an exceptional track record of increasing performance and driving growth in customer-focused businesses. Charles is ideally suited to lead the UK & ROI business for the combined group in the next phase of our turnaround.”
Tesco and Booker shareholders are due to vote on the £3.7 billion takeover deal at a meeting on 28 February, with completion expected to take place on 5 March.
Meanwhile, Tesco expects to generate an operating profit of £1.57 billion for the year ending 24 February.