Booker boss Charles Wilson has announced he will retire in February 2021.
Wilson was diagnosed with throat cancer two years ago but remains in remission. He has decided that it is now “time to take things a little easier”.
He will be succeeded by Andrew Yaxley who is currently Chief Product Officer for Tesco. A comprehensive handover will begin from 7 September 2020.
Wilson joined a struggling Booker 15 years ago and led its transformation into the UK’s leading wholesaler. He also steered the business through its £4bn takeover by Tesco.
Tesco Group Chief Executive Dave Lewis said Wilson held an “unparalleled” reputation in the UK food business: “The transformation of Booker over the last 15 years is one of the most remarkable business case studies in recent history. Since the merger with Tesco he has been a superb member of the Executive team and a brilliant colleague. Whilst we are very sad to see him retire, we completely understand and wish Charles and his family all the very best for the future.”
Charles Wilson commented: “It has been a privilege serving our retail and catering customers and a pleasure working with a great team at Tesco/Booker.
“For those of you who ask such things, I will not be selling any Tesco shares in the next few years and will remain a committed supporter of the company.”