Britain’s Tesco has announced the appointment of two new CEOs one for Asia and one for Central Europe, as the retailer shuffles its international leadership team, including the departure of Tesco’s International CEO.
The supermarket giant has announced that Trevor Masters, CEO Tesco International, will leave the business at the end of May, following a 38-year career stint.
Tesco attributed a downsizing of its international operations to Masters’ departure. That, coupled with the completed sale of Tesco’s Turkish business, has resulted in a “greater focus to two parts of our international business,” said Tesco in a statement; namely, Asia and Central Europe.
The supermarket giant added that Tony Hoggett is Tesco’s CEO for Asia, effective April 1. Hoggett joined Tesco in 1990 and has served in the role of COO for the group’s Turkey operations. He was also retail director and chief operating officer of Tesco UK.
Tesco also revealed Matt Simister has been appointed Tesco’s CEO for Central Europe. Simister joined Tesco in 1996, and served as Tesco’s commercial director for the Czech Republic and Slovakia.
He most recently served in the UK to launch the Group Food division and managed the sourcing, buying and inbound supply chains for the UK, ROI, Central Europe and Asia.
“Tony and Matt’s work has been at the heart of Tesco’s turnaround over the last two years and I’m delighted that they will join our Executive Committee,” said Tesco chief executive Dave Lewis.
“Their new roles will allow us to focus on the different opportunities presented in Asia and Central Europe and I’m looking forward to working even more closely with them both”.