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• Tesco reportedly is moving Jeff Adams, who has been serving as chief retail officer for its US Fresh & Easy operation, to Turkey, where he will become CEO of its Kipa business.

At the same time, Tim Ashdown, who has been CEO of Tesco’s China business, will move to the US to succeed Adams at Fresh & Easy.

Tim Mason, Fresh & Easy’s CEO, reportedly remains in place.
KC's View:
Tesco CEO Philip Clarke recently recommitted to the Fresh & Easy business while saying that it will probably take until early 2014 to break even, a year longer than recently had been projected. However, he also probably believes that to make this happen, he needs more executive firepower in place, hence the desire to move the pieces around the board and try something new.