"Ken is unquestionably, a seasoned, growth-orientated business leader. As a result, today, we have appointed Ken Murphy to succeed Dave as Group CEO of Tesco next summer.
His openness allowed me to begin a thorough and orderly process to identify a potential candidate to replace him. Some time ago, however, he indicated to me that he was considering the best time to hand over to a successor. "Dave has done an outstanding job in rebuilding Tesco since 2014 and he continues to have unwavering support from the Board. Tesco chairman John Allan said: “It is with regret that I have accepted the resignation of Dave Lewis as Group CEO of Tesco, who has decided that he wants to leave the business in the summer of 2020. "The Tesco brand is stronger and customer satisfaction is the highest it has been for many years." The leadership team is very strong, our strategy is clear and it is delivering. "Our turnaround is complete, we have delivered all the metrics we set for ourselves. I believe that the tenure of the chief executive should be a finite one and that now is the right time to pass the baton. He said in a statement: "My decision to step down as group chief executive is a personal one. Supermarket giant Tesco has said chief executive Dave Lewis plans to step down next summer.
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