LONDON - Tesco PLC (OTC:TSCDY) has announced the appointment of Chris Kennedy as a Non-executive Director, effective from February 20, 2025. Kennedy will also join the Audit Committee and Nominations and Governance Committee of the company. To align with the UK Corporate Governance Code 2024, he will resign from his position at Whitbread (LON:WTB) plc following their 2025 AGM.
Gerry Murphy, the Chair of Tesco (LON:TSCO), expressed confidence in Kennedy's appointment, citing his extensive experience in financial management and strategic planning across various sectors, including media and hospitality. Murphy believes Kennedy's expertise will significantly benefit the Board.
Currently, Kennedy holds positions as the Chief Financial Officer and Chief Operating Officer at ITV plc (LON:ITV). His career includes senior roles at notable companies such as EMI, Micro Focus International (NYSE:MFGP) plc, ARM Holdings (LON:ARM) plc, and easyJet plc (LON:EZJ). His achievements include being named FTSE 100 CFO of the year in 2015. Additionally, Kennedy's governance experience extends to non-corporate roles, including a trusteeship at the EMI Archive Trust and a non-executive directorship at Great Ormond St Hospital Foundation Trust.
Kennedy's educational background includes an MA in Engineering from Cambridge University, and he is a member of the Institute of Chartered Accountants in England and Wales.
Tesco has confirmed that there are no further details requiring disclosure concerning Kennedy's appointment under the UK Listing Rules 6.4.6 R to 6.4.8 R. This announcement is based on a press release statement and has been disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG).
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