The head of Tesco’s remuneration committee is to step down from the role in the latest overhaul of the supermarket’s board of directors.
Stuart Chambers, the former chief executive of glassmaker Pilkington who has sat on Tesco’s board since 2010, will be succeeded as chair of the committee by fellow non-executive Deanna Oppenheimer on 1 January but will remain on the board.
Tesco’s board is undergoing upheaval in the wake of the appointment of chief executive Dave Lewis and the discovery of a £263m profits black hole, a matter now being investigated by the Serious Fraud Office.
A replacement is being sought for Sir Richard Broadbent, the chairman, while audit committee chairman Ken Hanna and senior independent director Patrick Cescau are also expected to step down next year.
Meanwhile, Richard Cousins, the head of giant catering group Compass, and Mikael Ohlsson, a former boss of Ikea, have recently joined the retailer.
