Tesco UK CEO steps down after only a year in leadership reshuffle

Tesco UK chief executive Matthew Barnes has stepped down from his post after more than a year to pursue other opportunities.

Barnes, who joined the grocery giant in March 2024, will be succeeded by chief commercial officer Ashwin Prasad, effective 30 June.

Tesco said Barnes “leaves a legacy of operational improvements which have simplified and strengthened our business”.

Prasad’s current post will be filled by the retailer’s Ireland and Northern Ireland CEO Natasha Adams, who will take on the newly created role of chief strategy and transformation officer from 9 June. Geoff Byrne, currently chief operating officer in Ireland, will takeover Adams’ current role.

Tesco group chief executive Ken Murphy said: “We are winning in the intensely competitive markets we serve and making strong progress delivering our strategic ambitions. The changes to our executive team, which draw on strong internal talent, will set us up to continue delivering a market-leading performance.

“Matthew leaves with our respect and sincere thanks for his contribution. Under his leadership, our business has gone from strength to strength.

“His obsession with customers has made a big impact and we are winning in the market by offering customers unbeatable value.

“Ashwin is an exceptional leader with a strong track record for delivering for our customers. His experience leading our product and customer strategy makes him the ideal person to take over as UK CEO.

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