Tesco: Terry Leahy checks out

The mastermind CEO behind Tesco's great transfomation announced his resignation this week. Demonstrating the same sound judgement in departure that he did in his work; pioneering Leahy will leave next March at the top of his game.

Sir Terry Leahy has announced he is to resign as CEO of Tesco. Leahy, who started his Tesco career as a part-time shelf stacker 40 years ago, will leave the world's third-largest retailer in March, aged 55, after a 14-year stint at the top. Another Liverpudlian and erstwhile shelf stacker, Philip Clarke, currently head of Tesco's international operations, will replace him. Clarke is only the sixth boss in the company's 80-year history.

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