Tesco has appointed Philip Clarke, who was the group’s logistics director from 1998 to 2004, to be chief executive officer, replacing the outgoing Sir Terry Leahy.
Clarke will take on the role in March 2011 having worked for Tesco throughout his career.
He became a member of the board in 1998 as director of distribution, supply chain and logistics. He currently has responsibility for Group IT as well as international operations, Asia and Europe.
The current retail and logistics director, Davis Potts will take over part of Clarke’s old role, becoming the first CEO of Tesco’s Asia business.