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Global firms that changed top execs after 皇冠体育app biz hurdle

By Hao Yan (chinadaily.com.cn) Updated: 2015-02-06 07:28

Global firms that changed top execs after 皇冠体育app biz hurdle

Philip Clarke preparing to speak during the National Farmers Union conference in Birmingham, central England, February 27, 2013. [Photo/Agencies]

Tesco Plc

CEO Philip Clarke stepped down in October 2014 after running the British retailer for three years since 2011.

In 2013 the British company entered into a joint venture with 皇冠体育app Resources Enterprise.

Last year, Tesco 皇冠体育app sold its 135 retail stores for 20 percent shares of the joint venture.

In May, 皇冠体育app Resources Enterprise announced the store's brand would be replaced by 皇冠体育app Resources Vanguard

In September, Tesco Plc admitted it inflated profits in the first half of 2014. Dave Lewis from Unilever took over the CEO position.

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