Gerry Murphy, the former Kingfisher chief, is to step down as chair of Tate & Lyle to facilitate his appointment to replace John Allan at Britain's biggest retailer, Sky News learns.
Dr Murphy has also worked at Blackstone, the private equity giant, and served on the boards of Abbey National, British American Tobacco and Reckitt Benckiser.
Sky News revealed in March that the supermarket chain had begun sounding out candidates to replace Mr Allan. He was appointed as chairman of Tesco during the aftermath of the biggest crisis in the chain's history, with the discovery of an accounting black hole which raised genuine questions about its survival.
In 2019, he oversaw the process of identifying Sir Dave's successor, appointing former Boots executive Ken Murphy to replace him.
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