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John Allan

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business2 years ago•3 min saved

Tesco Chairman John Allan Resigns Amid Allegations of Inappropriate Behavior

Tesco Chairman John Allan is stepping down from his position following allegations of inappropriate conduct. Allan has denied three of the four claims made against him, but board member Byron Grote said the allegations risked becoming a distraction to Tesco. Tesco has made "no findings of wrongdoing". Allan will leave Tesco in June after eight years in the role. The CBI, where Allan was a former president, is also facing separate allegations of sexual misconduct.

via BBC|

#business #cbi #conduct-allegations

business2 years ago•1 min saved

Tesco Chairman John Allan Resigns Amidst Conduct Allegations

Tesco Chairman John Allan will step down from his position at the company's annual shareholders' meeting next month, with senior independent director Byron Grote becoming interim chair. Allan's tenure as chairman was due to end shortly, with a succession planning process in progress. The move comes after claims of inappropriate behavior were made against Allan, which Tesco said risked becoming a distraction. Allan denies three of the allegations, while apologizing for the other.

via CNBC|

#business #chairman #inappropriate-behavior