Tesco chief executive Philip Clarke is to step down in October, it was announced today.
Tesco announced that Dave Lewis is to join the Tesco board from October 1st as chief executive officer in succession to Philip Clarke.
Mr Lewis will receive a basic salary of £1.25 million along with standard benefits.
He will receive a sum of £525,000 in lieu of his current cash bonus from Unilever, where he worked in a variety of roles for almost 28 years.
More top news
Autumn weather arrives for the early part of the weekend, brighter on Sunday.