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Ex-Tesco boss Dave Lewis joins Morrisons private equity owner By Daily Mail City & Finance Updated: 09:27, 16 January 2024 e-mail View comments Morrisons' private equity owner has hired former Unilever and Tesco boss Sir Dave Lewis as it beefs up its top team. New York-based buyout group Clayton, Dubilier & Rice said Lewis will become an operating adviser and 'support the firm in identifying and evaluating new investment opportunities'. Former Tesco boss Dave Lewis joins Clayton, Dubilier & Rice said Lewis Clive Black, a retail analyst at Shore Capital, said it was a 'stunning appointment' for CD&R, adding: 'There's no one who knows consumer products better than Lewis.' Other operating advisers include Sir Terry Leahy, who ran Tesco from 1997 to 2011 and is chairman of Morrisons having led the takeover by CD&R, as well as ex-Boeing boss Jim McNerney and former Marsh McLennan leader Dan Glaser. RELATED ARTICLES Previous 1 Next Ocado returns to earnings growth thanks to price hikes and... Investors can now access ProVen VCTs through Seedrs with... Will bitcoin ETFs send the price higher - and why were... Is a bargain Red Sea holiday worth the risk? Our consumer... Share this article Share Lewis (pictured) spent almost three decades at Unilever before taking over at Tesco where he oversaw a dramatic turnaround in its fortunes. He is also chairman of consumer health company Haleon. Given the successful transformation of Tesco under Lewis, Black said it would be a 'missed opportunity' if he does not get involved at Morrisons, which has struggled in recent years. CD&R copresident Dave Novak said Lewis is 'an exceptional executive and highly respected leader'. DIY INVESTING PLATFORMS Easy investing Stocks & shares Isa £1.50 fund dealing 0.25% fee on fund holdings Investment ideas Free fund dealing Free fund dealing 0.45% account fee capped for shares Flat-fee investing No fees From £4.99 a month Trade shares and funds for £3.99 Social investing Social investing Share investing 30+ million global community Model portfolios Investment account Free fund dealing Free financial coaching Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. > Compare the best investing platform for you Share or comment on this article: Ex-Tesco boss Dave Lewis joins Morrisons private equity owner e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. Comments 0 Share what you think No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards. Add your comment Enter your comment By posting your comment you agree to our house rules . Submit Comment Clear Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual. No Yes Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. To do this we will link your MailOnline account with your Facebook account. We’ll ask you to confirm this for your first post to Facebook. You can choose on each post whether you would like it to be posted to Facebook. Your details from Facebook will be used to provide you with tailored content, marketing and ads in line with our Privacy Policy . More top stories
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