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Tesco UK boss Wilson steps back due to illness

Reuters  |  LONDON 

(Reuters) - said its recently appointed UK and boss would step down to a less onerous role after being diagnosed with throat cancer three months ago.

Wilson, the former of which was bought by in March, had been seen as a potential heir to He had been appointed to run Tesco's largest division only five months ago.

Tesco veteran now becomes of the UK and Republic of business, reporting to Lewis. His previous role as was handed to Andrew Yaxley, the boss of the unit.

Shares in Tesco traded down 1.4 percent to 256.4 pence as investors responded to what called "shock news".

"The highly regarded is the brains behind and was widely expected to take over from in due course," he said.

Wilson, 52, has been responding well to radiotherapy and the signs were that the treatment has been successful, Tesco said in its statement on Tuesday. He was diagnosed with cancer after an operation to take out his tonsils.

To help ease his workload, Wilson will focus on leading the business and delivering the cost synergies and growth plans from the combination with Tesco.

Wilson will continue to report to Lewis.

"Dave and I have agreed these changes to my leadership responsibilities in the interest of my long-term recovery from throat cancer," Wilson said in a statement. "I have had the privilege of working closely with Jason and know he will do a brilliant job."

The reshuffle of Tesco's top management team comes at a time of change in Britain's supermarket sector as Tesco faces losing its long-held number one spot in the UK to second-ranked Sainsbury's which agreed to buy owned Asda, the number three in April.

Tesco said the management changes would be effective from July 16.

(Reporting by Sarah Young; Editing by Kate Holton/Keith Weir)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 14:06 IST