Tesco chief executive banned from driving

TESCO boss Philip Clarke has been banned from driving for six months, after being caught speeding and having his licence removed.

The chief executive of the retailer has been handed an automatic ban from the roads after collecting more than 12 penalty points.

In a statement Tesco confirmed the punishment: “Philip Clarke regrets this matter and accepts the decision to suspend his licence.”

It is not clear where Clarke picked up the points on his licence. City A.M. has confirmed that there are no speed cameras on the chief executive’s five mile commute from his home in the Hertfordshire village of Cuffley to Tesco’s global headquarters in the nearby town of Cheshunt.

Clarke has use of a driver, meaning the ban should not affect his ability to run the business.

But it will stop the 53-year-old from driving his personal Jaguar XJ, according to the Sunday Times.

Clarke, who took over from Sir Terry Leahy in 2011, is fighting to return the company to growth after a troubled period that saw its profits fall for the first time in almost 20 years.

As a result he has called time on Tesco’s disastrous attempt to break the US market with the Fresh & Easy chain, costing the company £1.2bn. The company has also quit Japan and will slow its growth in China.

Clarke also took a large write-down on the value of Tesco’s UK property portfolio after deciding its land bank was no longer worth as much as previously thought.

With customers increasingly choosing to shop at small, local stalls he has focussed on making the larger outlets more attractive places to visit by buying Giraffe restaurants. Tesco is also backing the fast-growing Harris + Hoole coffee shop chain, which has recently opened branches in the City on Cannon Street and London Wall, as well as another on Tooley Street near London Bridge.