Sponsored by
Tesco appoints Broadbent as chairman
TESCO brought months of speculation to an end yesterday by naming City veteran Sir Richard Broadbent as its next chairman.
Broadbent, a former executive chairman of HM Customs & Excise, will stand down as deputy chairman of Barclays when he takes up the Tesco role in November, succeeding David Reid, who is retiring.
His appointment follows a search led by senior independent director Patrick Cescau.Broadbent, also an executive director of Schroders, stepped down as chairman of Arriva last year when the transport group was sold to Deutschebahn. He had been linked with the chairman's post at insurance giant Aviva when Lord Sharman steps down next year, but the Tesco announcement is thought to rule out such a move.
Ahead of him assuming the reins as chairman, Broadbent will join the board as a non- executive director on 2 July.
His appointment will mark another change at the top for Tesco after its long-standing chief executive, Sir Terry Leahy, retired earlier this year.
Email to a friend
Print this page- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Family mourn death of Glasgow ‘fight’ schoolboy
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Friday 25 May 2012
Today
Sunny
Temperature: 10 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: North east
