BusinessCompany NewsTesco appoints new group FD

Tesco appoints new group FD

Retail giant Tesco has hired from within by announcing Laurie McIlwee as the new group finance director

Laurie McIlwee will take up the position of group finance director of Tesco
immediately.

Sir Terry Leahy, CEO of Tesco, said the appointment of an internal candidate
demonstrates ‘the strong internal talent coming through the business at every
level.’

‘Laurie has a strong track record here and overseas and is highly respected,’
he said in a statement.

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 replacing Andrew Higginson, who
left after more than a decade in the role to head up a new retailing services
arm of the business.

McIlwee previously spent nine years at PepsiCo Inc in a number of roles,
including president of business planning at Frito-Lay International, chief
financial officer of Walkers Snack Foods and finance director of Pepsico Eastern
Europe.

Further Reading:

Ken
Hanna adds Tesco non-exec role to Inchcape chairmanship

The
FDs’ FD: to be a winner

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