Tesco Expands Corporate Finance Team, Looks For Corporate Development Head

Tesco is expanding its in-house corporate finance department, as part of the retailer's efforts to improve management of its assets. This move includes searching for a leader of corporate development for the team the company expects to perform tasks related to corporate finance, including investment opportunities, portfolio reviews, spinoffs, and mergers and acquisitions activities. According to Tesco, the proposed team will report to CEO Dave Lewis, finance director Alan Stewart, and group strategy director Benny Higgins.