Tesco’s Sean McCurley Exits Weeks After Reinstatement from Suspension
CHESHUNT, ENGLAND – Just weeks after being reinstated to his role, Sean McCurley, a Senior Buying Executive at Tesco, has left the company.
The circumstances of McCurley’s exit are unclear, but earlier this month, an internal memo announced McCurley’s return to his post and praised him for being “professional and co-operative throughout” the internal inquiry.
He was one of the nine top-level executives to be suspended as part of the fallout from Tesco’s recent £250 million overstatement scandal.
First, Tesco suspended five executives, including Commercial Director Kevin Grace and UK Managing Director Chris Bush. Then, the retailer suspended three more, including McCurley. In a final move, the company suspended one more, Finance Director Chris Robinson.
Of the nine suspended executives, at least four have now left Tesco, with the fate of at least two more left unclear, according to Sky News.
As for the ongoing investigation, the process could take years. Britain’s Serious Fraud Office could take months to sift through huge quantities of digital data and other evidence, while looking to identify and trace witnesses, according to Reuters. At the end of the process, the investigation could still find nothing criminally amiss.
Despite all of the challenges surrounding his office, CEO Dave Lewis is confident in Tesco's ability get back on track and regain the enviable position it used to enjoy in the British retail community.
Between closing underperforming stores and the launch of its new One Stop discount format, Lewis is firm in his belief that Tesco is heading in the right direction.
For now, only time will tell if Tesco’s turnaround plan is successful. Keep it tuned to AndNowUKnow for the latest on this embattled retailer.