John Allan, one of two deputy chairmen at Dixons Carphone, has resigned from his post to take the job of chairman at Tesco plc.
Richard Broadbent, the current chairman of Tesco, is stepping down from the board on 1st March.
Mr Allan became chairman of Dixons Retail in 2009 and was in this role when the company merged with Carphone Warehouse in August 2014. He’d previously been CEO of Exel Logistics and CFO of Deutsche Post. He’s currently also chairman of Barratt Developments and of WorldPay; positions he’s expected to continue in.
Patrick Cescau, senior independent director at Tesco, said “Following a deep and thorough process run by a committee of independent non-executive directors, the Board unanimously agreed that John Allan was the right candidate to chair Tesco at this important time. On behalf of the Board I would like to thank Richard for his work as Chairman. He has served the business with unflinching commitment through a period of unprecedented change, and put in place a new senior leadership team for the next stage of Tesco's development.”