// Tesco CFO Alan Stewart to resign April next year
// He has been with Tesco for six years, joining at the same time as CEO Dave Lewis
// His resignation will lead to a major leadership shake-up, as Lewis is also leaving this year
Tesco chief financial officer Alan Stewart has revealed plans to retire from his role at the UK’s largest supermarket in April next year, after six years at the company.
The move will be part of a major leadership shake-up at the business, with current chief executive Dave Lewis set to step down in September.
Stewart first joined Tesco in 2014 from Marks & Spencer, at the same time as Lewis.
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He worked with Lewis to deal with an accounting scandal they inherited, as well as cut thousands of jobs and reduce costs to successfully turnaround the Big 4 giant.
“Alan has been an outstanding leader and partner at Tesco,” Lewis said.
“He has made a huge contribution and on behalf of all of Tesco colleagues I would like to thank him for all he has done.”
Stewart said: “Being part of the team that has delivered the turnaround at Tesco and set it up for the next stage means an incredible amount to me.
“I shall continue to focus on delivering the strategy, supporting the business and my colleagues through the next 11 months, knowing that the business is in a strong position as we move forward.”
While a replacement for Stewart will be announced in due course, Walgreens Boots Alliance’s Ken Murphy is set to step in as Tesco chief executive in October.