Tesco

Tesco non executive director Richard Cousins is to resign with immediate effect, the company has announced.

Tesco said Cousins made the decision to step down, and said he will be replaced by fellow board member Deanna Oppenheimer as senior independent director.

Chairman John Allan said: 'On behalf of the board, I would like to thank Richard for his strong contributions to the deliberations of the Tesco board over the last two years and particularly for his insights and invaluable advice as we have delivered an unprecedented level of change across the business. We wish him well for the future.

“I am delighted that Deanna Oppenheimer has accepted the board's invitation to become Senior Independent Director.'