Grace, who has worked for Tesco for more than 30 years, is the fifth senior figure that the company has asked to step down in the aftermath of its accounting disaster. The other four senior executives to get the chop are UK managing director Chris Bush, UK finance director Carl Rogberg, commercial director for food John Scouler and head of food sourcing Matt Simister.
Revelations of the Tesco’s accounting woes have so far lost the company around £3 billion of its market value, as panicked investors have rushed to dump their shares. Tesco also issued its third profit warning of the year in September, following its biggest drop in sales for 40 years.
In an effort to turn things around for the struggling retailer, new CEO Dave Lewis has taken up his role a month earlier than planned.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
#PSD2FinishLine recently started trending on Twitter. As the country slowly grows in excitement throughout the month of November, with the C-word on ... read more