Tesco Ireland’s chief executive, Philip J Clarke, is to leave the company just two years after being appointed CEO.
He will be replaced by Andrew Yaxley who is currently the managing director of Tesco’s London business.
Mr Clarke, a Tesco veteran who has been with the company for more than 40 years, was appointed to replace the long-serving head of the Irish business Tony Keohane in July 2013.
Mr Clarke said: “I could not have asked for a better way to end what has been a long and rewarding career in Tesco than having the opportunity to spend two years as CEO in Ireland.
“I believe that now is the right time to hand over responsibility and that Andrew is absolutely the right person to lead Tesco Ireland forward.”
Tesco group CEO Dave Lewis added: “Over the last two years, despite challenging market circumstances, Phil has worked tirelessly to make Tesco Ireland a stronger business and I thank him for all his work”