Tesco UK CEO steps down after only a year in role
Natasha Adams, currently Tesco Ireland and NI CEO, has been appointed to a newly created role on the executive committee as chief strategy and transformation officer, effective from 9 June
Tesco has announced that UK CEO Matthew Barnes has stepped down after only one year in the role to “pursue other opportunities”.
The supermarket has announced that he will be replaced by Ashwin Prasad, Tesco’s current chief commercial officer, effective from 30 June.
Prasad has been a member of Tesco’s Executive team since 2020 and brings a “wealth of retail and commercial experience to the role”.
Natasha Adams, currently Tesco Ireland and NI CEO, has been appointed to a newly created role on the executive committee as chief strategy and transformation officer, effective from 9 June.
Alongside this, Geoff Byrne, currently chief operating officer in Ireland has been promoted to Tesco Ireland and NI CEO. All executive roles will continue to report to Group CEO Ken Murphy.
Tesco Group CEO, Ken Murphy, said: “We are winning in the intensely competitive markets we serve and making strong progress delivering our strategic ambitions. The changes to our executive team, which draw on strong internal talent, will set us up to continue delivering a market-leading performance.
“Matthew leaves with our respect and sincere thanks for his contribution. Under his leadership, our business has gone from strength to strength. His obsession with customers has made a big impact and we are winning in the market by offering customers unbeatable value. We wish him the very best in his next chapter.”
Barnes added: “I have decided to step down to pursue other opportunities. Leading Tesco’s UK business has been a privilege, and I am proud of everything we have achieved together. I believe our colleagues are the best in the industry, and I would like to thank everyone for their support. I would also like to wish Ashwin the very best in his new role.”
