Tesco hands Booker CEO top role across UK and Ireland

Booker CEO Charles Wilson (left) and Tesco CEO Dave Lewis (right)
Booker CEO Charles Wilson (left) and Tesco CEO Dave Lewis (right)

Tesco has appointed Booker boss Charles Wilson as chief executive of its UK and Ireland retail and wholesale operations.

Wilson replaces Matt Davies, who will be involved in the handover to Wilson, before stepping down and leaving the group at the end of April.

The appointment becomes official around 5 March, when Tesco’s takeover of wholesale firm Booker Group is expected to go through. Wilson, who is currently chief executive of Booker — which is merging with Tesco in a deal worth £3.7bn — will join the Tesco board and executive committee.

Dave Lewis, Tesco’s chief executive, said: "[Wilson] brings substantial commercial and retail experience and has an exceptional track record of increasing performance and driving growth in customer-focused businesses…

"I would also like to thank Matt for his outstanding contribution to Tesco over the last three years. His values based leadership and invaluable support have been instrumental to the significant progress we have made in the transformation of the UK & ROI business. I wish him well for the future."

Wilson’s career started in 1986 at Procter & Gamble, while he has also served as executive director of Marks & Spencer, before being appointed as Booker chief executive in 2005.

In his Tesco role he will receive a base salary of £575,000, with a potential bonus of 200% of that figure. He holds 24,533 in Tesco shares.

Subscribe today for just $116 a year

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.com , plus get exclusive discounts to Campaign events

Become a subscriber

GET YOUR CAMPAIGN DAILY FIX

The latest work, news, advice, comment and analysis, sent to you every day

register free