Tesco’s Patrick Cescau is latest to quit in boardroom shake-up
PATRICK Cescau, Tesco’s senior non-executive director who led the search for the supermarket’s new chairman, will become the latest to leave next month in an ongoing shake-up of its board and management team.
Cescau, who was at one point seen as a candidate for the chairman role himself, helped recruit Barratt boss John Allan to replace Sir Richard Broadbent, who agreed to step down following the accounting scandal.
It was widely expected that Cescau would depart after an appointment was made to clear the way for a new top team to work with chief executive Dave Lewis.
Compass chief executive Richard Cousins, who joined the Tesco board last year, will step up to fill Cescau’s shoes from 7 April, as well as joining the nominations committee.
Cescau’s departure after six years with the retailer comes just weeks after other non-executives including Liv Garfield, Jacqueline Tammenoms Bakker and Gareth Bullock handed in their resignations.
“On behalf of the board, I would like to take this opportunity to thank Patrick for his immense contribution to the business over the past six years, and I wish him well in his future ventures. We will be sorry to see him leave,” Tesco’s new chairman Allan, who joined at the beginning of March, said.