Tesco 2015 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2015 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

Board of Directors
Alan Stewart
Chief Financial Officer
Alan joined the Board on 23 September 2014.
Alan has extensive financial experience in retail
having been CFO at Marks & Spencer and WHSmith.
A qualified accountant, he started his career
in investment banking with HSBC in 1986. He
became CFO at Thomas Cook Holdings in 1998
and was appointed UK CEO in 2001. In 2005 he
moved to WH Smith as Group CFO. In 2008 he
was appointed CFO at AWAS, a leading aircraft
leasing business, before moving to M&S in 2010.
He is also a Non-executive Director of Diageo plc.
John Allan
Non-executive Chairman
John joined the Board on 1 March 2015. After
a career including Marketing, Buying and Retail
Operations, John became CEO of Ocean Group plc
in 1994 and then Exel in 2000, following a merger
with NFC to become the global leader in logistics.
John joined the Board of Deutsche Post when it
acquired Exel in 2005 for a share price five times
of that of 1994, and was CFO from 2007 to 2009.
John became Chairman of Dixons Retail
in September 2009. Dixons conducted a
comprehensive turnaround programme during
which the share price more than quadrupled,
culminating in a friendly merger of equals with
Carphone Warehouse in August 2014 to form
Dixons Carphone. He is also Chairman of Barratt
Developments and Chairman of Worldpay.
Dave Lewis
Group Chief Executive
Dave became Group Chief Executive of Tesco on
1September 2014, joining from Unilever. Over
nearly 28 years, Dave worked in a variety of roles
with Unilever, which took him across greater Europe,
Asia and the Americas. His last three roles were
Chairman for Unilever in the UK and Ireland,
President for the Americas and Global President,
Personal Care. During his career, Dave has been
responsible for a number of business turnarounds.
Dave is a Non-executive Director of British Sky
Broadcasting Group plc.
Richard Cousins
Senior Independent Director
Richard was appointed a Non-executive Director
on 1 November 2014 and became the Senior
Independent Director on 7 April 2015. Richard brings
valuable UK and international corporate experience
to the Board. He has been the Group CEO of the
Compass Group PLC since 2006 and is also a member
of the advisory board of Lancaster University Business
School. Prior to joining Compass, Richard worked
for 15 years for BPB PLC and was Group Chief
Executive from 2000 to 2005. Richard was previously
a Non-executive Director of Reckitt Benckiser Group
PLC and of HBOS PLC and P&O.
Mark Armour
Non-executive Director
Mark was appointed on 2 September 2013. Mark
was Chief Financial Officer of Reed Elsevier Group
plc (now RELX Group plc) from 1996 until 2012
and of its two parent companies, Reed Elsevier PLC
and Reed Elsevier NV. Prior to joining Reed Elsevier
in 1995, Mark was a partner of Price Waterhouse
in London. He is a Non-executive Director of the
Financial Reporting Council and a Non-executive
Director and Chairman of the Audit Committee
of SABMiller plc. Mark is a fellow of the Institute
of Chartered Accountants.
Stuart Chambers
Non-executive Director
Stuart was appointed on 3 July 2010. He served as
the Chairman of the Remuneration Committee until
1 January 2015 and was a Non-executive Director
of Tesco Bank from 2012 to 2014. Stuart was Group
Chief Executive of NSG Group from 2008 to 2009,
and was Group Chief Executive of Pilkington plc
prior to NSG’s acquisition in 2006. He was a
Non-executive Director of Smiths Group plc and a
Non-executive Director of Manchester Airport Group
plc. Stuart was appointed Chairman of Rexam plc
on 23 February 2012 and Chairman of ARM Plc
on 1March 2014.
28 Tesco PLC Annual Report and Financial Statements 2015