Tesco's Matthew Barnes to exit as Ashwin Prasad takes the helm
The chief executive of Tesco's UK business is to step down after just over a year in the role as part of a raft of leadership changes at Britain's biggest supermarket.
Matthew Barnes, who joined in March last year, is to be replaced next month by Ashwin Prasad, the group's chief commercial officer.
The grocer said that Barnes, 52, previously Aldi's chief executive for the UK and Ireland, was stepping down to 'pursue other opportunities'. It is not yet known if he has another role lined up.
Ken Murphy, group chief executive, thanked Barnes for his 'obsession with customers' and said that Tesco had gone from 'strength to strength' under his leadership.
Tesco, which holds 27.9 per cent of the grocery retail market, has remained
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