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Tesco Names Allan as Chairman to End Near Four-Month Search

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Tesco Plc appointed John Allan as chairman, ending a near four-month search for a successor to Richard Broadbent as the struggling U.K. grocery leader seeks to get back on its feet after a tumultuous year.

Allan, 66, will take up the post on March 1, Cheshunt, England-based Tesco said today in a statement.