Boss of Tesco UK business will step down next year with ex-Aldi executive stepping in to replace him

•  Jason Tarry ‘has decided to leave the UK’s largest supermarket group in March 

Tesco’s UK boss is to step down next year, with a former Aldi executive set to replace him in the role.

The UK’s largest supermarket group said its UK chief executive Jason Tarry ‘has decided to leave’ the business in March 2024.

He has led the UK operation for six years, playing a significant role in its turnaround amid the fallout of its accounting scandal and related £129 million fine.

Mr Tarry has been at Tesco for around 33 years in total and most recently helped lead the company through the Covid-19 pandemic and cost-of-living crisis.

The supermarket giant said he will be replaced in the high-profile role by former Aldi UK and Ireland chief executive Matthew Barnes.

Tesco’s UK boss, Jason Tarry, is to leave the business in March, to be replaced by former Aldi UK and Ireland chief executive Matthew Barnes

Mr Tarry has been with Tesco for 33 years and helped lead the company through the pandemic and the recent cost-of-living crisis

Tesco group CEO Ken Murphy said: ‘Jason has made an immense contribution to our business.

‘Under his leadership, Tesco today is the most competitive we have ever been, built on exceptionally strong foundations of doing the right thing for our customers and colleagues.’

Mr Tarry said: ‘Little could I have imagined 33 years ago, the journey I would go on with Tesco.

‘My life in Tesco has been a wonderful experience.

‘This decision was not made easily but this is the right time for me to move on.’

Matthew Barnes led Aldi’s UK division between 2015 and 2018, and stepped down from the board of its parent firm earlier this year

Mr Barnes, who was Aldi’s UK and Ireland boss from 2015 to 2018, will take over the role after stepping down from the board of Aldi’s parent firm earlier this year.

It comes as Tesco has sought to attract and retain shoppers by committing to match Aldi prices for a range of its most popular products.

Mr Barnes said: ‘I come to this role with a real sense of determination to ensure that we build on the progress of the last number of years and deliver for our customers and colleagues.

Mr Murphy added: ‘I believe the combination of Matthew’s extensive retail experience, competitive spirit and challenger mindset will help us continue to win in the UK market and evolve our thinking about what customers will want from Tesco in the future.’

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