Tesco appoints new finance director
Tesco appointed Marks & Spencer chief financial officer Alan Stewart to the same position this month.
Stewart replaces Laurie McIlwee who left the business in April 2014 after five years in the role.
Outgoing Tesco ceo Philip Clarke said Stewart provided the retailer with all the characteristics it was looking for in a replacement for McIlwee.
Stewart will receive a basic annual salary of £750,000 and standard benefits commensurate with his position.