UK's John Lewis says finance boss to step down later this year [Reuters]
TESCO PLC S/ADR (TSCDY)
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Source: Reuters
The move comes weeks after the employee-owned company named former Tesco executive Jason Tarry as its next chairman , following Sharon White's decision to step down. Last month, the owner of John Lewis department stores and the Waitrose supermarket chain reported a return to annual profit after three years, thanks to improved trading in its food business and cost savings. The company said Michel is expected to leave by autumn. The executive took on the role in 2021 and previously held senior roles across retail, supply chain and customer operations at the company. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Reporting by Prerna Bedi in Bengaluru; Editing by Sohini Goswami Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab
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