Hailed as responsible for ingenious business restructuring in Halfords and Pets at Home, Matt Davies joined Tesco’s team as the CEO of the UK region. A rising star in British management, Davies’ promotion was met today with a 1.59% increase in Tesco’s stock, despite Davies relative use and the peculiar choice he represents. Despite the new change, Tesco still has much damage to recover from after the discovery of earnings discrepancies. PricewaterhouseCoopers has been replaced as Tesco’s Auditor as a result, replaced by Deloitte.
May 11, 2015 – Stock Market News
Hailed as responsible for ingenious business restructuring in Halfords and Pets at Home, Matt Davies joined Tesco’s team as the CEO of the UK region. A rising star in British management, Davies’ promotion was met today with a 1.59% increase in Tesco’s stock, despite Davies relative use and the peculiar choice he represents. Despite the new change, Tesco still has much damage to recover from after the discovery of earnings discrepancies. PricewaterhouseCoopers has been replaced as Tesco’s Auditor as a result, replaced by Deloitte.