Booker's Charles Wilson named as Tesco's new UK & Ireland chief, replacing Matt Davies
Tesco has moved to appoint Booker boss Charles Wilson as the new head of its UK & Ireland retail and wholesale operations.
The appointment was largely expected following the confirmation of the £3.7bn merger between the two companies late last year, with Wilson widely-tipped as an eventual successor to Tesco Chief Executive Officer Dave Lewis.
Tesco's retail and wholesale division accounts for well over half of its profits, which look set to stand at £1.57bn in total at the end of year completed February 24th.
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Wilson, who has been heralded as the saviour of Booker, turning the once-troubled wholesaler into a business with over £3bn worth of sales, will replace Matt Davies. Davies, who will step down in April, has been in post for three years.
"Charles brings substantial commercial and retail experience and has an exceptional track record of increasing performance and driving growth in customer-focused businesses," said Lewis.
According to Reuters, Wilson will earn a base salary of £575k plus a 200% annual bonus and an annual performance share plan award of 225%.
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