Ex-Carillion Boss Steps Down as Tesco’s Asia Chief
- Alison Horner, former Carillion director, set to leave Tesco’s Asia business
- Sale of Tesco’s businesses in Thailand and Malaysia expected to be completed next month
- Tesco agrees to sell Asian businesses to C.P. Retail Development Company Limited (CPRD)
Alison Horner, former director at Carillion and current CEO of Tesco’s Asia business, is set to step down following the completion of the sale of its businesses in Thailand and Malaysia. The sale to C.P. Retail Development Company Limited (CPRD) is expected to be finalized soon after receiving approval from the Malaysian Ministry of Domestic Trade and Consumer Affairs. Tesco’s CEO, Ken Murphy, expressed gratitude to Asian colleagues for their dedication and confidence in the agreement with CP Group ensuring continued success.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Alison Horner’s departure from Tesco’s Asia business and the sale of its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited (CPRD). It also includes a quote from Tesco’s CEO, Ken Murphy, regarding the decision.
Noise Level: 3
Noise Justification: The article provides relevant information about Alison Horner’s departure from Tesco’s Asia business and the sale of its businesses in Thailand and Malaysia to CP Retail Development Company Limited. It also includes a quote from Tesco’s CEO, Ken Murphy, on the matter. However, it lacks in-depth analysis or exploration of long-term trends or possibilities, accountability, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Tesco’s Asian business and C.P. Retail Development Company Limited (CPRD)
Financial Rating Justification: The article discusses the sale of Tesco’s Asian businesses to CPRD, which impacts both companies and has financial implications for them.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.
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