Tesco PLC Directorate Change (3512V)
April 14 2021 - 2:01AM
UK Regulatory
TIDMTSCO
RNS Number : 3512V
Tesco PLC
14 April 2021
14 April 2021
Tesco PLC
CHANGES TO BOARD AND COMMITTEE COMPOSITION
Tesco PLC is pleased to announce that Thierry Garnier and
Bertrand Bodson will join the Board as independent Non-Executive
Directors with effect from 30 April and 1 June 2021, respectively.
In addition, from those dates, Thierry Garnier will join the
Remuneration Committee and Bertrand Bodson will join the Corporate
Responsibility Committee.
Thierry Garnier is a highly experienced retailer and business
leader who brings significant UK and international leadership
experience and business acumen to the Board. He has been chief
executive officer (CEO) of Kingfisher plc since 2019 and previously
spent over 20 years at Carrefour, the French multi-national
retailer. At Carrefour he held a number of senior roles, including
CEO of Carrefour Asia, CEO of Carrefour International and managing
director of supermarkets for Carrefour France, and was a member of
the Carrefour group executive committee.
Bertrand is an accomplished business executive, who has run
multi-billion pound businesses, with significant experience of
digital transformation, technology and the application of AI. He is
chief digital officer at Novartis AG and was previously chief
digital and marketing officer at Sainsbury's Argos, executive vice
president for global digital at EMI Music and co-founder and CEO of
Bragster.com. He has also held senior roles at Amazon and started
his career at Boston Consulting Group.
The Company further announces that Mark Armour, Mikael Olsson
and Deanna Oppenheimer do not intend to seek re-election to the
Board at the Company's 2021 Annual General Meeting and will
formally retire from the Board at the conclusion of the AGM.
Deanna Oppenheimer's retirement from the Board will mean that
she also steps down from her role as Senior Independent Director
and will be succeeded by Byron Grote.
John Allan, Tesco Chairman, said:
"I am absolutely delighted Thierry and Bertrand will be joining
Tesco at an exciting point in its development. I know that their
broad range of skills and experience will be a real asset to the
Company and further strengthen the Board's discussions and
oversight. The Board and I very much look forward to working with
them over the coming years.
On behalf of the Board, I would like to thank Mark, Mikael and
Deanna for their outstanding commitment and invaluable contribution
to the Board and its Committees over a number of years. They have
all brought excellent insights and wise counsel to the Board and
its Committees, and we wish them well for the future."
There are no additional matters that would require disclosure
under LR 9.6.13 R (1) to (6) in respect of Thierry Garnier and
Bertrand Bodson.
For the purposes of section 430(2B) of the Companies Act 2006,
Mark Armour, Mikael Olsson and Deanna Oppenheimer will receive
their pro rata entitlement to Non-executive Director fees for the
month of their departure date and they are not entitled to any
payments for loss of office.
Contacts:
Investor relations Chris Griffith +44 (0) 1707 940 900
Media Christine Heffernan +44 (0) 330 678 0639
LEI Number: 2138002P5RNKC5W2JZ46
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END
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