date:Apr 07, 2014
new finance director.
Media reports speculated that Mr McIlwee had lost confidence in Tescos chief executive Philip Clarkes plans to turn around the performance of the business.
According to analysts forecasts, the supermarkets annual results, to be published on April 16, are predicted to reveal a 10% fall in profits.
Tesco's main rivals have also experienced falls in sales and profits as the discounters Aldi and Lidl grow market share.