Director at Burton suits Tesco

Tesco moved to strengthen its board yesterday when it appointed Andrew Higginson as finance director.

Mr Higginson, 40, finance director of Burton which recently announced de-merger plans, will not join Tesco until 15 November.

Tesco said the appointment would enable David Reid, deputy chairman, to give more focus to corporate strategy as well as the group's operations in Europe and Ireland. Mr Reid's responsibilities include finance and distribution.

Analysts welcomed the appointment, saying Mr Higginson had performed well at Burton and had a high-profile role as chairman of the economic affairs committee at the British Retail Consortium.

He will be replaced at Burton by Nigel Hall, who was appointed to the board yesterday though he will not take up the finance director role until November. Mr Hall, 42, has been at Burton since 1984 and has most recently been finance director of the multiples business which includes Burton Menswear, Top Shop, Top Man and Principles.

The company denied Mr Higginson's departure would disrupt the plans to de-merge Debenhams from the group.

John Hoerner, chief executive, said that while it was a disappointment to be losing Mr Higginson, he was not leaving until November, by which most of the work on the de-merger would be complete.

Mr Hall was recently made director of the de-merger process with responsibility for overall management of the commercial and statutory work. Mr Hoerner said: "Nigel Hall was actually someone I was going to lose in the de-merger because I didn't have a good enough job for him."

Former Tesco chairman Lord MacLaurin said in April that the company was looking to add further directors to its board. Mr Higginson will join one of the country's most successful and aggressive retailers. Tesco has knocked Sainsbury's off its perch to become the UK's largest grocer. The group has expanded into banking as well as operations in Poland, Czechoslovakia and Ireland.

Mr Higginson has played an important part in Burton's recovery over the last few years during which it has re-built margins and transformed Debenhams into a powerful department store business.

However, the shares have had a tougher time recently and the company announced plans to de-merge Debenhams into a separate quoted company last month.

Tesco shares closed 3p higher at 430.5p while Burton shed 1.5p to 128.25p.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA special investigation by Andy McSmith
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Claims Administrator

£16000 - £18000 per annum: Recruitment Genius: A position has arisen within th...

Ashdown Group: Development Manager - Rickmansworth - £55k +15% bonus

£50000 - £63000 per annum + excellent benefits : Ashdown Group: IT Manager / D...

Recruitment Genius: Security Officer

£16500 per annum: Recruitment Genius: Applicants must hold a valid SIA Door Su...

Ashdown Group: Business Analyst - City, London

£50000 per annum: Ashdown Group: Business Analyst - Financial Services - The C...

Day In a Page

The saffron censorship that governs India: Why national pride and religious sentiment trump freedom of expression

The saffron censorship that governs India

Zareer Masani reveals why national pride and religious sentiment trump freedom of expression
Prince Charles' 'black spider' letters to be published 'within weeks'

Prince Charles' 'black spider' letters to be published 'within weeks'

Supreme Court rules Dominic Grieve's ministerial veto was invalid
Distressed Zayn Malik fans are cutting themselves - how did fandom get so dark?

How did fandom get so dark?

Grief over Zayn Malik's exit from One Direction seemed amusing until stories of mass 'cutting' emerged. Experts tell Gillian Orr the distress is real, and the girls need support
The galaxy collisions that shed light on unseen parallel Universe

The cosmic collisions that have shed light on unseen parallel Universe

Dark matter study gives scientists insight into mystery of space
The Swedes are adding a gender-neutral pronoun to their dictionary

Swedes introduce gender-neutral pronoun

Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

Disney's mega money-making formula

'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

Lobster has gone mainstream

Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
Easter 2015: 14 best decorations

14 best Easter decorations

Get into the Easter spirit with our pick of accessories, ornaments and tableware
Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

Paul Scholes column

Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

The future of GM

The greenhouses where Monsanto 'plays God' with the future of the planet
Britain's mild winters could be numbered: why global warming is leaving UK chillier

Britain's mild winters could be numbered

Gulf Stream is slowing down faster than ever, scientists say
Government gives £250,000 to Independent appeal

Government gives £250,000 to Independent appeal

Donation brings total raised by Homeless Veterans campaign to at least £1.25m
Oh dear, the most borrowed book at Bank of England library doesn't inspire confidence

The most borrowed book at Bank of England library? Oh dear

The book's fifth edition is used for Edexcel exams
Cowslips vs honeysuckle: The hunt for the UK’s favourite wildflower

Cowslips vs honeysuckle

It's the hunt for UK’s favourite wildflower
Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

Did a botched blackmail attempt help Cyril Smith escape justice?

A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss