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Retail

Amazon Appoints Tesco Veteran To Run Store Portfolio

Amazon has named Tony Hoggett, a longstanding executive with supermarket chain Tesco, to lead its physical store network, the online giant has said.

Hoggett, Tesco's chief strategy and innovation director, has been with the retailer for more than 31 years.

Amazon said Hoggett will join in January 2022 as senior vice president of physical stores, reporting to Dave Clark, chief executive of its worldwide consumer business.

"Over the next few months we’ll put together a plan for Tony’s transition to Amazon," Clark said in a statement.

Loyal Tesco Executive

Hoggett started his career at Tesco as a 16-year-old trolley boy. Over three decades he rose to become CEO Asia and then group chief operating officer before starting his latest role in April.

"It was a big decision to move on from Tesco but after meeting members of the Amazon leadership team and hearing the ambitions for the business and physical stores, I know it’s a journey and an opportunity that I want to be part of," said Hoggett, who will relocate to Seattle.

High-Profile Departure

For Tesco, it is the first high profile departure since Ken Murphy became CEO in October of last year.

Alan Stewart retired as finance chief in April this year but his exit was announced in June 2020. Similarly Charles Wilson stepped down as boss of Tesco's Booker business in February, having announced his departure in September.

Amazon's move comes as investors have speculated it may be interested in a bid for Tesco's smaller rival Morrisons, with whom the US company has a supplier partnership agreement.

Amazon in March opened its first physical store outside the United States, an Amazon Fresh cashierless location in London, and now has five of the outlets in the UK.

Amazon recently announced the departure of Jeff Bezos as chief executive, replaced by former Amazon Web Services boss Andy Jassy.

News by Reuters, edited by ESM. For more Retail news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.

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