Tesco has named two new non-executive directors that will join its board from next month.
Gareth Bullock, who joins the supermarket’s audit committee, is a former executive at Standard Chartered. He left the bank last month and joins Tesco as the supermarket looks to step up its involvement in the financial services sector.
Stuart Chambers also comes on board and will chair the retailer’s remuneration committee, replacing Charles Allen. Chambers is a former Mars executive and was previously chief executive of Pilkington Glass.
“Together they bring additional international experience and new expertise in financial services which will add to the overall strength of the board," said Tesco chairman David Reid.
The additions come as Tesco enters a transitional period following the news last week that Sir Terry Leahy will step down as chief executive of the retailer next March.
Read more
Tesco treads water with flat sales in first quarter (15 June 2010)
Tesco's Holmes quits a day after Leahy bows out (12 June 2010)
Clarke to take Tesco reins as Sir Terry sets departure date (8 June 2010)
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