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  5. TOP NEWS: Tesco Chair Allan to step down after touching allegations

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Share Price Information for Tesco (TSCO)

London Stock Exchange
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Share Price: 311.00
Bid: 311.10
Ask: 311.30
Change: -0.50 (-0.16%)
Spread: 0.20 (0.064%)
Open: 311.80
High: 311.80
Low: 309.50
Prev. Close: 311.50
TSCO Live PriceLast checked at -

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TOP NEWS: Tesco Chair Allan to step down after touching allegations

Fri, 19th May 2023 14:16

(Alliance News) - Tesco PLC on Friday announced that Chair John Allan will resign from his role and as director on June 16.

The Hertfordshire-based supermarket chain said they have searched for a new chair for months, which is due to conclude in the near future.

The Guardian newspaper reported early this month that Allan, who has been chair since 2015, allegedly touched the bottom of a senior member of Tesco staff at the retailer's annual general meeting last June.

He was also accused of allegedly touching the bottom of a member of staff at the Confederation of British Industry business group during its annual dinner in 2019, where he was president from 2018 to 2020.

Tesco shares were 0.2% lower at 267.83 pence each in London on Friday afternoon.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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