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Tesco's UK boss Matthew Barnes steps down after 15 months

Matthew Barnes stepped down as Tesco UK CEO after 15 months, with Ashwin Prasad named his replacement effective 30 June 2025.
Barnes decided to leave Tesco to pursue other opportunities after joining in March 2024 to succeed Jason Tarry, who moved to John Lewis Partnership.
Ashwin Prasad, who has served as Tesco Group's Chief Commercial Officer since 2020, will assume the role of UK CEO starting 30 June, while Natasha Adams will join the Executive Committee in a newly established position focused on strategy and transformation, beginning 9 June.
Tesco Group CEO Ken Murphy praised Barnes for driving operational enhancements that reinforced the business and highlighted Ashwin’s proven leadership and extensive experience in advancing customer-focused strategies.
The leadership changes aim to build on Tesco’s market position and momentum, supporting strategic priorities and continued competitive performance in the UK grocery market.

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Investing.com

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