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Tesco appoints new UK CEO Charles Wilson

Tesco has appointed Booker Group boss Charles Wilson as the new CEO for its UK and Ireland retail and wholesale operations.

Wilson will take over from current chief executive Matt Davies in April after the supermarket giants’ £3.7bn takeover of Booker.

Tesco group chief executive Dave Lewis said: “I am delighted Charles will be joining the Tesco board and executive committee. He brings substantial commercial and retail experience and has an exceptional track record of increasing performance and driving growth in customer-focused businesses.

“Charles is ideally suited to lead the UK & ROI business for the combined group in the next phase of our turnaround.”

In December, Tesco received the go-ahead from the Competition and Markets Authority (CMA) to acquire the wholesaler despite opposition from other wholesalers, who fear the merger could see Booker raise prices to the shops it supplies.

Tesco also used today’s announcement to say that its trading performance since the Christmas period would be in line with expectations when it releases its next update on April 11.

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