Tesco Bank Says Chief Executive Higgins to Retire Next Year
- Higgins to step down in February of 2018, had role since 2008
- Bank says it has 6 million customers, $11 billion deposits
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Tesco Bank, the lending arm of the U.K.’s biggest grocer, said Chief Executive Officer Benny Higgins plans to retire next year after almost 10 years in the role.
Higgins, who has led the bank since it became a wholly-owned subsidiary of Tesco Plc at the height of the financial crisis in 2008, will depart in February. He declined to comment on succession plans.