Tesco picks new chairman

Troubled British supermarket giant, Tesco, has named John Allan as chairman, ending a four month search after Richard Broadbent resigned amid an accounting scandal. Allan, 66, will join the board and be appointed chairman on March 1, when Broadbent will step down from the board, Tesco said in a statement to the London Stock Exchange on Tuesday. “I’m very pleased to be taking on this role at such a critical moment for the business and look forward to working with the new executive team and th

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