FRC director and ex-Reed CFO takes Tesco board role
Tesco recruits SABMiller non-executive and FRC board member Mark Armour to sit on its audit committee
TESCO has recruited a current FRC board director and former CFO to its board.
Mark Armour (pictured) joins Tesco as non-executive director and will also sit on its audit committee. He was recruited to the FRC board in May 2012 and is also a non-executive director and chairman of the audit committee at brewers SABMiller.
Previously he was CFO at Reed Elsevier which he originally joined in 1995 as deputy CFO. He was promoted to CFO of Reed Elsevier Group Plc and and Reed Elsevier NV in 1996. Armour was pivotal in the business’ transformation from a traditional print publisher to a provider of online subscriptions and databases. He stepped down in 2012.
Armour was also chairman of The Hundred Group of Finance Directors from 2002 to 2004.
Prior to Reed Armour worked at Price Waterhouse as a partner in audit and business advisory from 1998 to 1995 and before that held senior manager roles at the firm as well as working in its Singapore office for two years.
A statement from Tesco said: “Mark will bring significant financial and international experience to the board, gained from his long career as a CFO for a major global business, and will join the audit committee. He also has considerable experience of digital business transition.”
Armour came 8th in the Accountancy Age Top 50 Power List in 2001.