Tesco strengthens board with two non-exec director appointments
Tesco has strengthened its board with the appointment of Richard Cousins and Mikael Ohlsson as non-executive directors.
Cousins has been group chief executive of Compass Group since 2006. He was previously a non-executive director of Reckitt Benckiser Group from 2009 until May 2014 and of HBOS and Bank of Scotland from 2007 to 2009.
Until September 2013, Ohlsson was chief executive and president of the IKEA Group. He is currently a non-executive director of Volvo Car Corporation, Ikano and Lindengruppen.
Tesco said the new appointments mean that the supermarket is bringing valuable UK, international and retail experience to the board.
Never Miss a Retail Update!Both Cousins and Ohlsson will take up their positions on 1 November.
Tesco chairman Sir Richard Broadbent said: “I am delighted to welcome Mikael and Richard to the board and know that their broad skills and experience will be a real asset to the company in the coming years. Mikael and Richard have been updated on and are wholly supportive of the steps being taken by the new management team to rebuild trust in Tesco and to focus all the resources of the business to deliver value to our customers.”
