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In Domestic Affairs

Ken Murphy to lead Tesco next year

2nd October 2019

Ken Murphy to lead Tesco next year Pin It

The British supermarket group Tesco will be led by Ken Murphy next year, who comes over from Walgreens Boots Alliance. He will be taking over from Dave Lewis next summer, who announced his departure when the figures for the first half of Tesco’s broken financial year were published.

Lewis is known as a man of draconian measures. Under the direction of Tesco, Tesco has undergone a major overhaul during the past period. According to the departing top man, the set goals have been achieved, the reorganization has been completed and it is time to pass on the baton. Years ago, he also cut hard at a division of the British-Dutch food company Unilever, which earned him the nickname ‘Drastic Dave’.

In terms of figures, Tesco closed the measurement period with an operational profit of more than 1.1 billion pounds, which meant an increase of 12.6 percent on an annual basis. The big grocer also performed better than the average. Turnover increased by 0.6 percent to £ 31.9 billion.

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