Troubled
supermarket giant Tesco has said that its new chief financial officer, Alan
Stewart, is joining the company immediately, more than two months earlier than
originally planned.
Mr Stewart
was previously in the same post at Marks and Spencer.
His
arrival fills a gap left by Laurie McIlwee, who left just over a week ago,
following his resignation in April.
On Monday,
Tesco stunned the markets by saying it had overstated its half-year profit
guidance by £250m.
It has
launched an investigation headed by Deloitte, and says it is now working to
establish the impact of the issue on its full-year results.
It has
also suspended four executives, including its UK managing director, Chris Bush.
Tesco is
also believed to have suspended its UK finance director Carl Rogberg, its food
commercial director John Scouler and the head of food sourcing, Matt Simister.
Tesco
shopping Tesco has been battling falling sales and
