| Updated:
Tesco woes mount as two more senior executives head for exit
TESCO is set for further upheaval after the supermarket giant confirmed the resignation of company secretary Jonathan Lloyd yesterday.
Lloyd – who advises the board on legal and governance issues – resigned last month before the discovery of the £250m overstatement in profits that stunned investors and has cost billions of pounds in market value.
He will step down from the company in March after serving out his notice and is understood to be taking up a similar role at another listed company.
He does not sit on Tesco’s board, which is why his exit was not announced to the market.
Audit committee chairman Ken Hanna is also said to be preparing to step aside in the coming weeks.