Tesco CEO Leahy to Retire in 2011

Tesco CEO Leahy to Retire in 2011

CHESHUNT, England -- Tesco here said Tuesday that Sir Terry Leahy, who has led the retail giant for the past 14 years, has decide to retire as chief executive officer in March 2011. He will be succeeded by Philip Clarke, 50, a longtime Tesco veteran who most recently has been leading the company's international operations in Europe and Asia as well as group IT

CHESHUNT, England -- Tesco here said Tuesday that Sir Terry Leahy, 55, who has led the retail giant for the past 14 years, has decided to retire as chief executive officer in March 2011. He will be succeeded by Philip Clarke, 50, a longtime Tesco veteran who most recently has been leading the company's international operations

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