Moving pay goalposts for Tesco's Dave Lewis is grubby behaviour This article is more than 2 months old. With an accounting scandal just after he arrived, the legacy of former boss Philip Clarke was not one to be envied.In the 2020 annual report, released earlier this year, Tesco reported an annual operating profit of £1.9 billion for the U.K. and Ireland. Whichever way one looks at it, ex-Unilever boss, Dave Lewis has steered Tesco into far calmer waters during his tenure as chief executive, than it … Since September 2014, he has been the CEO of Tesco. And in that respect, their parsimony could be interpreted as being a little ill-judged.I am a retail analyst, writer, and keynote speaker on retail challenges and trends with a focus on consumer behavior, customer experience, and technology disruption.I am a retail analyst, writer, and keynote speaker on retail challenges and trends with a focus on consumer behavior, customer experience, and technology disruption. Nils Pratley. Prior to founding Retail Reflections, during my 20-year retail career, I held senior positions at Kingfisher and Superdrug and have worked with many of the UK's leading retailers. T esco has stunned analysts by hiring a relatively unknown businessman to replace Dave Lewis after his shock resignation as chief executive. Performance continues to be strong during the pandemic, with group sales jumping by 8% to £13.4 billion in the three months to May. After working for the company for 12 years, Lewis moved to South America in 1996 to begin work as Marketing Director of River Plate which involved Argentina, Paraguay and Uruguay.In 2004, Lewis and his team came up with an unconventional approach called the “In 2007, he was appointed chairman of Unilever for UK and Ireland.In 2010, after working for the company for 23 years, Lewis became president for the Americas.When working at Unilever, he was nicknamed “Drastic Dave” which was a reflection of his management actions which included reducing the number of products produced by the company from 1600 to 400 and for cutting jobs which led to a massive decrease of 40% in company expenditure for the year 2007.In July 2014, it was announced that Lewis was leaving Unilever to become CEO of Tesco.Lewis became CEO after the debacle when it was revealed to the public that Tesco overestimated their profits by £250 million for the year 2014.Lewis began working at Tesco in September 2014 with a basic annual salary of £1.25 million.His total annual pay for financial year 2017, as reported in May 2018, is £4.9 million.In October 2019, Tesco announced that Lewis will step down as CEO in 2020,Lewis is divorced from his first wife, with whom he has two daughters, and is married to Helena.In interviews he has stated that he likes to stay physically active and particularly enjoys running. The supermarket giant saying that it had doubled its online capacity over a five week period to help the vulnerable who weren't able to get to a store during the height of the pandemic.“Through a very challenging period for everyone, Tesco colleagues have gone above and beyond, and I’m extremely proud of what they’ve achieved,” Lewis said.“Their selfless efforts, combined with our embedded strategic advantages in stores and online, have helped to ensure that everyone can get the food they need in a safe environment.“The costs of doing this have been significant and only partly offset by business rates relief and increased volume.“We see the balance as an investment in supporting our customers at a time when they need it most.”So one can perhaps forgive Lewis a wry smile as he prepares to depart. He probably realised that it was all a little disingenuous to amend the criteria, but equally, those same shareholders have much to thank him for. If Ocado had remained on the list, Lewis's bonus would have been cut to £800,000.However at Friday's AGM, Tesco shareholders had other ideas, with a whopping 63% of them voting against the supermarket's director's pay policy, including the total £6.4 million payout for Lewis.Which is both embarrassing and represents a slightly unsavoury end to his tenure as chief executive. After Thorne Grammar School, he went to university, graduating from Trent Polytechnic, now In 2002, he completed a six-week Advanced Management Programme at In 1987, after graduating from Nottingham Trent University, Lewis obtained a post as graduate trainee at the Anglo-Dutch multinational Unilever, in the UK.One of the biggest successes of his career at Unilever was in 1992 when he launched During his 27 years at Unilever, Lewis occupied various posts around the world.
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