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Booker’s Charles Wilson appointed Tesco chief executive

Booker Group chief Charles Wilson has been appointed chief executive officer of Tesco’s retail and wholesale arm in the UK and Ireland.

Booker Group chief Charles Wilson has been appointed chief executive officer of Tesco’s retail and wholesale arm in the UK and Ireland.

The news of Wilson’s proposed appointment – he will take over the reins as the deal is done, with current CEO Matt Davies exiting at the end of April – came as Tesco announced its profits for the group were slightly ahead of forecasts.

It is expected to announce a £1.57bn profit for the financial year to February 24.

Wilson will be paid a base salary of £575,000 a year, with a maximum bonus of 1.15m a year.

Tesco is planning a general meeting at the end of February for a formal vote on the merger with Booker following the CMA giving the nod to the deal. Both parties expect it to be completed by early March.

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