03 February 2020
TESCO CORPORATE TREASURY SERVICES PLC
Tesco Corporate Treasury Services PLC (TCTS) hereby notes the announcement made this morning by its parent company, Tesco PLC, in respect of a statement regarding the update on the CEO Succession (the Announcement).
TCTS has made this announcement to ensure that holders of its listed securities are fully appraised of Tesco PLC's Announcement.
A copy of the announcement is available at:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TSCO/14407937.html
To view the Announcement in full, please paste the above URL into the address of your browser.
Statement regarding the update on CEO succession
Further to the CEO Succession announcement dated 2 October 2019, Tesco PLC ("Tesco") confirms that Ken Murphy will take up the role of Group Chief Executive on 1 October 2020 and will join the Board on the same date, after fully respecting his contractual non-compete obligations.
To facilitate a smooth and seamless handover, Dave Lewis has agreed to extend his tenure as Group Chief Executive until 30 September 2020.
Enquiries:
Investors: Chris Griffith +44 (0) 1707 912 900
Media: Simon Rew +44 (0) 1707 918 701
Philip Gawith (Teneo) +44 (0) 207 420 3143
LEI Number: 21380018AJDKNF3A6712
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