UPDATE 1-Tesco CEO Dave Lewis to step down in 2020 [Reuters]
Walgreens Boots Alliance, Inc. (WBA)
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Source: Reuters
Tesco CEO Dave Lewis to step down in 2020 LONDON (Reuters) - Tesco ( TSCO.L WBA.O Celebrating its 100th anniversary, Tesco, which has a 27.4% share of Britain’s grocery market, is at the back end of a recovery plan under Lewis that was instigated after a 2014 accounting scandal capped a dramatic downturn in its fortunes. The group has met the majority of its turnaround goals, including a key margin target of earning between 3.5 pence and 4 pence of operating profit for every pound customers spend. Lewis’ planned exit after six years at the group came as Tesco reported a better-than-expected first-half operating profit before one of items of 1.406 billion pounds, a rise of 25.4%. “With the turnaround complete and as we begin to implement the next steps of our sustainable growth strategy, now is the right time to plan a smooth and orderly succession,” said Lewis. “As such, I will step down as group CEO next summer and pass the baton to Ken Murphy.” Murphy was joint chief operating offic
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WBA
Earnings
- 3/28/24 - Beat
WBA
Sec Filings
- 5/1/24 - Form 8-K
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- WBA's page on the SEC website