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Dave Lewis, the former Unilever executive who was hired as the first outside CEO at Tesco five years ago and charged with dealing with a declining market share, insurgent German discounters Aldi and Lidl, and an accounting scandal that bruised the company's reputation, said yesterday that he is stepping down.

Lewis will be succeeded next summer by another outsider - Ken Murphy, chief commercial officer and president of global brands at Walgreens Boots Alliance.
KC's View:
I think the general consensus would be that Lewis has been successful in restoring some of the luster to Tesco's reputation and momentum to its performance. He's only 54 years old, though; I wonder what the next move will be.

As for Murphy, things won't be easy. Not only will he have to continue dealing with Ali and Lidl, but he'll also have to deal with Brexit's implications … whatever those are, and however that turns out.