Former Tesco Chief Joins Clayton Dubilier & Rice

Terry Leahy, the former chief executive of food retailer Tesco PLC, is joining buyout shop Clayton, Dubilier & Rice, Reuters reported. He will become a senior advisor to the firm and will be based in London.

(Reuters) – The former chief executive of food retailer Tesco PLC (TSCO.L) is joining Clayton, Dubilier & Rice, the private equity firm said on Tuesday.

Terry Leahy, who was knighted in 2002, will become a senior advisor to the firm and will be based in London.

Leahy “is an outstanding business leader and our portfolio companies will benefit from his experience building and growing an exceptional international company,” Clayton, Dubilier & Rice CEO Donald Gogel said in a statement. (Reporting by Ernest Scheyder, editing by Bernard Orr)

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