Tesco Regulatory News (TSCO)

Tesco PLC

28 June 2012

TESCO PLC

NON-EXECUTIVE BOARD APPOINTMENTS

Tesco PLC today announces the following Board changes:

Ken Hydon will retire from the Board on 23 February 2013 after serving for nine years as a non-executive Director and Chairman of the Audit Committee.  In anticipation of Ken's retirement, Ken Hanna will become Chairman of the Audit Committee with effect from 5 October 2012.   At the same time, Sir Richard Broadbent will become a member of the Remuneration Committee.

Karen Cook will also be retiring on 23 February 2013 after serving for nearly nine years as a non-executive Director and as a member of the Remuneration Committee and, previously, the Audit Committee.

Fabiola Arredondo will join the Board of Tesco on 23 February 2013 as a non-executive Director and as a member of the Audit Committee. Fabiola brings leading international strategic and operational experience in the internet and media sectors, as well as extensive non-executive directorship experience, to the Board. 

ENDS

Notes for Editors:

Fabiola Arredondo

Fabiola Arredondo is the Managing Partner of Siempre Holdings, a private investment firm based in the U.S., and has been a non-executive Director on the Board of Experian plc since 2007, Rodale Inc. since 2008, and Sesame Workshop since 2005. She has also been the Co-chair of the National Council of the World Wildlife Fund in the U.S. since 2011.

Fabiola previously served as a non-executive Director on the Boards of BOC Group plc from 2001 to 2004, Bankinter S.A. from 2000 to 2008, Intelsat Corporation from 2003 to 2005, and the World Wildlife Fund in the U.K. from 2001 to 2005 and in the U.S. from 2005 through 2011.

Prior to this, Fabiola was a part of the initial team at Yahoo Inc. and, as the Managing Director of Yahoo! Europe, built and led the development of its successful European operation from its beginnings in 1997 through 2001.  During her time there she was featured on Fortune Europe's "Most Powerful Women's" list, and after leaving Yahoo! was selected by an independent jury in 2001 to top the "Most Influential Women in European Business" list for the Wall Street Journal Europe.  Fabiola joined Yahoo! from BBC Worldwide where she was the Director of International Distribution covering the Americas, Asia Pacific and Europe, and previously the Director of Europe, Middle East and Africa.  She was a member of BBC Worldwide's Executive Board, and was also an Executive Director of its ECM Board which oversaw the BBC World and BBC Prime television channels in Europe.  Before joining the BBC, Fabiola was at BMG Entertainment, the entertainment division of Bertelsmann A.G., where she was the Director of Strategic Planning, and then the Regional Vice President of International A&R and Marketing for Spain, Portugal and Latin America.

Fabiola holds a B.A. degree with distinction from Stanford University, and an M.B.A. degree from the Harvard Business School.  She has also been a term member of the U.S. Council on Foreign Relations and a GLT member of the World Economic Forum.  Fabiola is bilingual in English and Spanish, lives in the U.S., is married and has two children.

There is no other information required to be disclosed pursuant to LR9.6.13R in respect of Ms Arredondo.

For further information:

Media:              Tom Curry       01992 644645

Investors:        Chris Griffith    01992 806149