Half Year 2020 Tesco PLC Earnings Debt Investor Update Call Transcript
Hello and welcome to the Tesco Debt Investor call. (Operator Instructions). And just to remind you, this conference call is being recorded. Today I am pleased to present Alan Stewart, CFO, and Lynda Heywood, Group Treasurer. Please go ahead with your meeting.
Good afternoon, everybody, and thank you for your time. I thought I'd start just by covering the succession announcement which we put out this morning, which is that Dave Lewis has decided that he will step down as Group CEO of Tesco. He is on a notice period which takes him through the results next year and sometime in the summer next year he will step down.
His successor has been announced as well. His name is Ken Murphy and in the announcement on details not only of his background but also what the Board was looking for in looking for a successor to Dave.
So, a very personal decision. Dave has been very clear that he has no job that he's going to, there's nobody that he's talking to about a possible job. And what he needs and wants is space and time to
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