DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Tesco Bank Adds John Kingman To Its Board

By Dayeeta Das
Share this article
Tesco Bank Adds John Kingman To Its Board

Tesco's financial arm confirmed on Monday that it has appointed John Kingman, the businessman who oversaw Britain's bailout of its banks in the financial crisis, to its board as a non-executive director.

Kingman was closely involved in the British government's response to the 2008 financial crisis as second permanent secretary to the treasury, and his appointment is effective next month, Tesco Bank said in a statement.

Kingman, the former chairman of Legal & General Group Plc , had been reported as a possible contender to be the next governor of the Bank of England, although he has said he does not want the role.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.