More changes on the Tesco board as Ken Hanna and Stuart Chambers quit
It's all-change at Tesco at the moment: following the appointment of Dave Lewis as chief executive and John Allan as chairman, two of the supermarket's non-executive directors have decided to step down.
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Ken Hanna and Stuart Chambers, who have served on the board for six and five years respectively, said today they will step down at the next annual general meeting (AGM), due to be held at the end of June.
Byron Grote will take over Hanna's role on the audit committee, it added. The supermarket was rocked last year by the discovery of a £260m black hole in its profits.
Today Allan, who succeeded Sir Richard Broadbent as chairman at the beginning of March, thanked the two for their service.
"On behalf of the board, I would like to thank Ken and Stuart for their loyal and valuable contributions to Tesco, and we wish them well for the future"