Tesco is to kick off a formal hunt to identify its next chairman early in 2023 as John Allan prepares to retire from the helm of Britain’s biggest retailer, Sky News learns.
He attended a business summit last week which featured speeches from Sir Keir Starmer and Rachel Reeves, the Labour leader and shadow chancellor respectively.
A former chairman of Dixons Stores Group - now known as Currys - he has also sat on the boards of blue-chip British companies including 3i Group, Royal Mail and Worldpay. Mr Allan arrived as the company scrambled to cut thousands of jobs, sell assets and shore up investor confidence. 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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