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Tesco chief executive to be replaced by Unilever boss

The chief executive of supermarket giant Tesco is stepping down in October, the company announced today.

Philip Clarke will be replaced by Dave Lewis, a top executive at consumer goods conglomerate Unilever.

Mr Lewis is in line for a £1.25m basic salary along with standard benefits.

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Dave Lewis 'will sustain and improve' Tesco

The appointment of Unilever executive Dave Lewis as Tesco chief executive will bring the company a "wealth of international consumer experience", Tesco's chairman has said.

Sir Richard Broadbent said the company's board felt Mr Lewis' leadership would "sustain and improve [Tesco's} leading position in the retail market".

Mr Lewis is replacing current chief executive Philip Clarke, a Tesco veteran who worked his way to the top job after beginning on the shop floor.

The 49-year old has spent 28 years at Unilever, the company behind a huge range of household brands including Flora, Dove, Wall's and PG Tips.

He was previously Unilever's UK and Ireland chairman, then president for the Americas before moving to his current role as Global President, Personal Care.

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