Tesco's Director Cescau Announces Retirement Plans

Patrick Cescau announced his plan to resign as non-executive director of retailer Tesco in 2014. The fifth non-executive director to depart the company, Cescau has overseen the reorganization of the retailer's senior management as its senior independent director and chairman of the nominations committee. Former CEO of Unilever, Cescau was involved in the ouster of Philip Clarke as chief executive and appointment of Dave Lewis as Clarke's replacement. According to Tesco, Cescau will retire from the board of directors effective April 7, 2015, after six years as a non-executive director.