Tesco CEO feels no investor pressure as market share falls

LONDON, March 12 (Reuters) - Tesco Chief ExecutivePhilip Clarke only expects to do the job for "a few years"although he does not feel any personal pressure from investorsdespite the market share of Britain's biggest retailer fallingto a decade low.

Tesco, the world's third-largest retailer, is being squeezedbetween the hard discounters Aldi and Lidl and upmarket grocers Waitrose and Marks &Spencer in its home market.

Its market share fell to 28.7 percent -- its lowest since2004 -- from 29.6 percent, in the 12 weeks to March 2 comparedwith the same period the year before, data from marketresearcher Kantar Worldpanel showed on Tuesday.

Asked whether he was feeling pressure from investors overTesco's falling market share, Clarke said: "I don't feel it atall. What I feel is a much greater responsibility to the companyand the stakeholders."

"It's not a question about discounters or something else,its about doing the right thing for our customers."

Speaking at the annual Retail Week Live conference Clarke,who took over as CEO in 2011 after a long career at Tesco, saidhe did not expect to be in the job as long as his predecessorTerry Leahy who led the company for 13 years.

"You only have a job like this for a few years," he said. "I am not a young man, I'm 54 years of age and I've given it40 years."

Tesco is 22 months into a turnaround programme under Clarke,but sales are still falling at its 3,150 British stores despite spending on refits, more staff and new product ranges.

Clarke declined to comment on a Sky News report that ChiefFinance Officer Laurie McIlwee, who has been with Tesco since2009, was likely to leave in the next few months amid tensionswith the CEO.