Amazon hires Tesco veteran Tony Hoggett to run stores

© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo

LONDON (Reuters) -Amazon has appointed Tony Hoggett, a veteran of British supermarket chain Tesco (LON:), to run its physical stores, the U.S. group said on Friday.

Hoggett has been with Tesco, the UK’s biggest retailer, for over 31 years and is currently chief strategy and innovation director.

Amazon (NASDAQ:) 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.

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.

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

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 U.S. company has a supplier partnership agreement.

See also  Trump reverses course, seeks negative rates from Fed 'boneheads'

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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more