Monday September 28, 2020

Tesco's new finance chief drafted in early, shares tumble

UPDATE: Embattled retailer Tesco has said its new chief financial officer will take up his position just over two months early.

23rd September, 2014
It has been a tough few months for Tesco.

Embattled retailer Tesco has said its new chief financial officer will take up his position just over two months early.

The British retailer was rocked yesterday after it was forced to start a probe into its accounting practices when it was revealed that it had overstated profit guidance by about £250 million (€317 million) for the first half of the year.

A stock exchange announcement this morning said that Alan Stewart will join the board...

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