Tesco Plc

Sector: Grocery Stores Region: United Kingdom

Exchange/Ticker: OTC Bulletin Board: TSCDY | OTC Bulletin Board: TSCDF | XETRA: TCO | London Stock Exchange: TSCO

Company Description

Tesco Plc is engaged in the business of offering food, non-food and other retailing services. It operates various store formats that offer products, such as fresh produce, wines and spirits, in-store bakery, ready-meals and sandwiches. The firm's food brands include Tesco Finest and Tesco Value in the United Kingdom. The company's online businesses include online grocery and Tesco Direct, which operates in South Korea and Ireland. Tesco Direct provides a platform to extend the reach of its general merchandise, clothing and electrical offers through the Internet and catalogues. In addition, it has also entered into new business areas such as banking and telecom. The company, through its subsidiary, Tesco Bank, provides retail banking and insurance services, credit cards, MasterCard and Visa credit card transactions in the United Kingdom. The Telecoms business, primarily operated by Tesco Mobile network, offers mobile handsets, including the latest smart phones. Tesco provides retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, Ireland, India, Japan, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and United States of America. The company was founded by Jack Cohen in 1919 and is headquartered in Cheshunt, United Kingdom.

Similar to: X5 Retail Group NV

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Preliminary Results 2011/12

Executives

Philip Clarke, Group Chief Executive

Philip Clarke was appointed to the Board on 16 November 1998. Prior to his appointment as CEO in March 2011 he was Asia, Europe & IT Director. Philip began his career with Tesco in store during 1974 and continued to work part-time through school and university. After graduating with a degree in Economic History, he joined the Tesco Management Training Programme and then spent nine years in store management before holding a number of roles in commercial and marketing. In 1994 he was appointed Stores Director and a year later promoted to Regional Managing Director, before joining the Tesco PLC Board as Supply Chain Director and a year later adding Information Technology to his responsibilities.

Tim Mason, Deputy Group CEO and CMO and CEO Fresh & Easy

Tim Mason has been President and Chief Executive Officer, Fresh & Easy Neighborhood Market since January 2006 and became Deputy Group CEO and Chief Marketing Officer in March 2011. He was appointed to the Board on 16 February 1995. He joined Tesco in 1982.

Laurie McIlwee, Chief Financial Officer

Laurie McIlwee was appointed to the Board on 27 January 2009 as Chief Financial Officer. He began his career with Tesco in 2000 as UK Finance Director and after four years, became Distribution Director. Prior to Tesco, Laurie worked for Pepsico in a variety of Finance and General Management roles in the UK, USA, Central Europe and the Middle East. Laurie is a Fellow of the Chartered Institute of Management Accountants and a member of The Hundred Group of Finance Directors.

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