It's official:
John Allan appointed Chairman of Tesco
John Allan’s early career was with Lever Bros and Bristol-Myers in a variety of marketing roles. He then spent eight years at Fine Fare, a subsidiary of ABF where he was the Retail Director for Marketing, Buying and Retail Operations. He was a Divisional CEO at BET for nine years. He became CEO of Ocean Group plc in 1994 and then of Exel when Ocean Group merged with NFC in 2000 to become Exel plc, the global leader in Logistics, operating in 60 countries and ultimately with 115,000 employees. Exel was acquired by Deutsche Post in 2005 for a share price five times that of 1994, and John joined the board of Deutsche Post to manage the integration, and subsequently the new Logistics Division with 150,000 employees and a turnover of over 27 bn Euros. In 2007 he was invited to become CFO of Deutsche Post - a post he held until his retirement and return to the UK in 2009.
John became Chairman of Dixons Retail in Sept 2009. Dixons conducted a comprehensive turnaround programme during which the share price more than quadrupled, culminating in a friendly merger of equals with Carphone Warehouse in August 2014 to form Dixons Carphone. He is currently a Deputy Chairman and SID of the new company, which was the best performer in the FTSE 100 in 2014. He is also Chairman of Barratt Developments and Chairman of Worldpay.
Following his appointment to the Tesco Board, John Allan will step down from the Boards of Dixons Carphone and Royal Mail. He will be resigning with immediate effect from his role as a senior advisor to Alix Partners and he will step down as Chair of the DHL UK Foundation as soon as a successor is found, which is anticipated to be within three months. He is expected to continue in his other roles as Chairman of Barratt Developments and WorldPay.
John Allan will be paid a fee of £650,000 per annum, fixed for three years, inclusive of all Board fees, in respect of his role as Chairman of Tesco PLC.
Please visit tescoplc.com for more information.