Laura Wade-Gery is to step down from her position as CEO of Tesco.com to join rival retailer Marks & Spencer (M&S), it was confirmed this afternoon.
In a major coup for the high street giant, Wade-Gery has been appointed to the M&S board as Executive Director of Multichannel E-commerce.
Wade-Gey has held a variety of different roles since joining Tesco in 1997 as Targeted Marketing Director, and oversaw increasing online trade during her seven years in charge of Tesco.com.
Marc Bolland, M&S CEO, said: “I am delighted that Laura is joining the executive team. Her appointment is in line with the plans we announced last November to grow our multi-channel e-commerce business both in the UK and internationally.
“Laura brings a wealth of relevant experience to M&S and we are all very much looking forward to working with her.”
Before Tesco she worked for Gemini Consulting and she has also served time as a non-executive on the board of publishing company Trinity Mirror.
This will be the second director that has been poached from Tesco by a competitor in less than a month, after its Personnel Director Hayley Tatum announced that she was joining fellow grocer Asda.
Wade-Gery commented: “I am really looking forward to joining the team. M&S is an iconic brand, and has huge potential to develop a multichannel offering for its customers.”
Philip Clarke, incoming Tesco Group CEO, added: “I am grateful to Laura for the contribution she has made to the success of Tesco and wish her well for the future.”