Booker boss Charles Wilson (pictured left, with Dave Lewis) is to become CEO of Tesco’s UK and Irish retail and wholesale operations when the two companies merge.
Matt Davies continues as Tesco chief until completion of the £3.7bn deal, which is expected around March 5, before stepping down prior to leaving the company at the end of April.
Dave Lewis said: “I am delighted Charles will be joining the Tesco Board and Executive Committee. He brings substantial commercial and retail experience and has an exceptional track record of increasing performance and driving growth in customer-focused businesses. Charles is ideally suited to lead the UK & ROI business for the combined group in the next phase of our turnaround.
“I would also like to thank Matt for his outstanding contribution to Tesco over the last three years. His values-based leadership and invaluable support have been instrumental to the significant progress we have made in the transformation of the UK & ROI business. I wish him well for the future.”