Tesco finds new group FD from within
Laurie McIlwee is appointed as Tesco's new group finance director
Laurie McIlwee is appointed as Tesco's new group finance director
Tesco has appointed Laurie McIlwee as its new group finance director.
McIlwee, who takes up the position immediately, succeeds Andrew Higginson,
who held the post for more than a decade.
Sir Terry Leahy, chief executive officer of Tesco, said the appointment of an
internal candidate demonstrated ‘the strong internal talent coming through the
business at every level. Laurie has a strong track record here and overseas, and
is highly respected.’
McIlwee joined Tesco in December 2000 as UK finance director before assuming
the role of distribution director four years ago.
The appointment ends a seven-month search for a replacement for Higginson,
who left the role to head up a new retailing services arm of the business.
McIlwee previously spent nine years at PepsiCo in a number of roles,
including CFO of Walkers Snack Foods and FD of PepsiCo Eastern Europe.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View articlePersonas is an internal AI platform meticulously developed by BDO to boost productivity and streamline day-to-day tasks. Read More...
View article