Report: U.S. CEO Exits Race for Tesco Job
London Tim Mason, CEO of Tesco’s Fresh & Easy stores in the United States, is not looking to succeed Sir Terry Leahy as head of Tesco, according toThe Financial Times.
The announcement ends years of speculation that the retailer’s second-in-command would step up to the top job when Sir Terry retires, the report said.
Mason said during a visit to some newly opened Fresh & Easy stores in the U.S. that he was not going to succeed Sir Terry, adding that the top job would go to a younger candidate.
The former marketing executive had been in the frame to succeed Sir Terry for some time, but speculation intensified three years ago when Sir Terry picked him to launch Tesco U.S.
The report noted that among the officers vying for the top spot are Phil Clarke, international director, and Richard Brasher, trading director. Yet, at 47 and 45 respectively, both men may be passed over for younger executives coming through the ranks. Tesco is likely to appoint someone who can comfortably sit through a 10-year tenure before hitting the age of 60.
New CFO Named at Shopko
Green Bay , Wis. Shopko on Thursday announced the appointment of Mary Meixelsperger to the position of senior VP and CFO.
Meixelsperger will be responsible for accounting, treasury, tax, planning and audit activities for the retailer.
Meixelsperger joined Shopko in August 2005 as VP, treasurer and was promoted to VP, controller in April 2006. Before joining Shopko, she served as CFO for the Credit Union National Association and Affiliates.
Claire’s Names Exec VP
Pembroke Pines, Fla., Claire’s Stores has hired James Conroy to serve as executive VP of the company.
Conroy will oversee global strategic planning and implementation, information technology and international franchising and joint ventures, with each senior VP responsible for these areas reporting to him directly.
Conroy has 10 years of management consulting experience and became a principal at Kurt Salmon Associates in 2005. Recently, he had been working as a full-time consultant to Claire’s.