Clarke quits helm of troubled Tesco

File photo dated 27/02/13 of Tesco's Chief Executive Philip Clarke who is to step down in October. PRESS ASSOCIATION Photo. Issue date: Monday July 21, 2014. See PA story CITY Tesco. Photo credit should read: Rui Vieira/PA Wire. (8406279)

File photo dated 27/02/13 of Tesco's Chief Executive Philip Clarke who is to step down in October. PRESS ASSOCIATION Photo. Issue date: Monday July 21, 2014. See PA story CITY Tesco. Photo credit should read: Rui Vieira/PA Wire. (8406279)

First published in Business News
Last updated

TESCO chief executive Philip Clarke is to quit as the boss of Britain's biggest supermarket.

The group, which is seeing its worst sales performance in four decades, announced Mr Clarke's departure as it issued a fresh warning on profits.

He will step down from the board on October 1 to be replaced by Unilever executive Dave Lewis, though he will continue in a support role until the end of January.

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