John Lewis names former Tesco UK boss Jason Tarry as new chairman [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
Jason Tarry, who led Tesco's UK and Ireland business for six years, will take up the role in September. It comes after the current chair, Dame Sharon White, said last year that she would be standing down at the end of her term. Mr Tarry said it was a "great privilege" to lead the company, which also runs Waitrose supermarkets. He will become only the seventh chairman of the retail partnership, which is owned by its employees. Rita Clifton, deputy chairman and chair of John Lewis's nomination committee, said: "The board extends its huge thanks to Sharon for successfully leading the Partnership through one of the most testing periods in its history - first Covid and then the cost-of-living crisis. "She has faced the toughest decisions and overseen the partnership's financial recovery; we are in good financial health with a return to profit, and have a strong balance sheet with record investment planned this year." Last month, the group reported full-year profits of £56m com
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