Ken Murphy (businessman)

Last updated

Ken Murphy
Born1966or1967(age 56–57) [1]
Cork, Ireland
Education University College Cork
OccupationBusiness executive
TitleCEO, Tesco
TermOctober 2020–
Predecessor Dave Lewis
Children3

Ken Murphy (born 1966/1967) is an Irish business executive. He has been the chief executive (CEO) of Tesco since October 2020.

Contents

Early life

Murphy was born in Cork, Ireland. [2] He was educated there at Christian Brothers College, [3] and earned a bachelor's degree from University College Cork, and later attended the six-week Advanced Management Programme at Harvard Business School. [4] [1] [5] He is a qualified accountant and worked as an accountant at Coopers & Lybrand after graduating from University College Cork in 1988. [1] [6]

Career

Murphy started his career at Procter & Gamble. [6] When he was 22, Murphy became a finance director at Alliance UniChem, a drugs wholesaler which became part of Boots UK. [5] [6]

In 2013, Murphy became managing director of health and beauty, international and brands at Boots. [7]

After Walgreens took over Boots in 2014, he rose to become chief commercial officer and president of global brands at the parent company, Walgreens Boots Alliance. [5]

In October 2019, it was announced that Murphy would become CEO of Tesco. [8] [9] He succeeded Dave Lewis on 1 October 2020. [10]

In May 2024 the Tesco PLC annual report revealed that Murphy had received a £10 million pay package for the year to February 2024, doubling his prior year's earnings. This comprised £4.7 million in pay and bonuses, up from £4.3 million, with the rest from shares that were awarded to Murphy when he joined and paid out after he surpassed a number of performance targets. [11]

Personal life

Murphy is married with three children. [1]

Related Research Articles

Tesco plc is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. The company was founded by Jack Cohen in Hackney, London in 1919. In 2011, it was the third-largest retailer in the world measured by gross revenues and the ninth-largest in the world measured by revenues. It has shops in Ireland, the United Kingdom, the Czech Republic, Hungary, and Slovakia. It is the market leader of groceries in the UK.

Walgreen Company is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens and Switzerland-based Alliance Boots merged to form a new holding company, Walgreens Boots Alliance. Walgreens became a subsidiary of the new company, which retained its Deerfield headquarters and trades on the Nasdaq under the symbol WBA.

Arcadia Group Ltd was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK and concessions in UK department stores and several hundred franchises operated internationally.

<span class="mw-page-title-main">Alliance Boots</span> Pharmaceutical company

Alliance Boots was a multinational pharmacy-led health and beauty group with corporate headquarters in Bern, Switzerland and operational headquarters in Nottingham and Weybridge, United Kingdom.

Gregory David Wasson is an American businessman. He is the co-founder and president of Wasson Enterprise, a family-based investment office, the executive chairman of Innventure, co-founder of CoolerScreens, and the former president and chief executive officer (CEO) of Walgreens Boots Alliance (NASDAQ:WBA).

<span class="mw-page-title-main">Boots (company)</span> British multinational pharmacy store chain

Boots UK Limited, is a health and beauty retailer and pharmacy chain that operates in the United Kingdom. It also operates internationally, including Ireland, Italy, Norway, the Netherlands, Malta, Thailand and Indonesia.

<span class="mw-page-title-main">Philip Clarke (businessman)</span> British businessman

Philip Andrew Clarke is a British businessman. He served as the chief executive officer of Tesco plc until 1 September 2014.

<span class="mw-page-title-main">Stefano Pessina</span> Italian billionaire businessman (born 1941)

Stefano Pessina is an Italian-Monegasque billionaire businessman; he is the executive chairman and largest single shareholder of Walgreens Boots Alliance.

Sir David John Lewis is an English businessman. He is the former CEO of Tesco, serving from 2014 to 2020. Prior to joining Tesco, he was president of global personal care at Unilever. Sir David has served as Director of The Royal Foundation of the Prince and Princess of Wales since his appointment in July 2024.

Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois, which owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. Walgreens became a subsidiary of the newly created company after the transactions were completed. As of 2022, Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue.

Simon John Roberts is a British businessman, and the chief executive officer (CEO) of Sainsbury's since 1 June 2020, having previously been retail operations director. He is a former managing director of Boots UK.

Christopher Phillip Anthony Weston is a British businessman. In January 2024 he became chief executive of Thames Water.

Debbie Crosbie is a British banker, and the chief executive of the Nationwide Building Society since June 2022. She was previously the CEO of TSB Bank from May 2019.

Sean Doyle is an Irish businessman, and the chairman and CEO of British Airways.

Charles Alan Nunn is a British banker and former management consultant, and the chief executive (CEO) of Lloyds Banking Group since August 2021.

Simon Thompson is a British business executive, who has been the chief executive (CEO) of Royal Mail since January 2021.

Coimbatore Sundararajan Venkatakrishnan, also known as Venkat, is an American banker. He replaced Jes Staley as the group chief executive (CEO) of the British multinational bank Barclays in November 2021.

Gerard Martin Murphy is an Irish businessman and the chairman of Burberry and Tesco. He is the former chairman of Tate & Lyle.

References

  1. 1 2 3 4 Wood, Zoe; Makortoff, Kalyeena (2 October 2019). "Boots 'lifer' to replace Dave Lewis at helm of Tesco". The Guardian. Retrieved 3 October 2019.
  2. ↑ Percival, Geoff (2 October 2019). "Corkman Ken Murphy named next Tesco group CEO". The Irish Examiner. Retrieved 3 October 2019.
  3. ↑ Farrell, Steve (2 October 2019). "Who is Ken Murphy? The new Tesco CEO replacing Dave Lewis". The Grocer. Retrieved 5 February 2021.
  4. ↑ "Changing of the Guard at Tesco One AMP grad follows another to lead British retailing giant". Harvard Business School. 4 October 2019. Retrieved 16 June 2023.
  5. 1 2 3 Williams-Grut, Oscar (3 October 2019). "'Unknown' new Tesco CEO must battle Brexit, German discounters, and changing tastes". Yahoo Finance. Retrieved 3 October 2019.
  6. 1 2 3 Onita, Laura (2 October 2019). "Who is Ken Murphy, the new boss of Tesco?". The Daily Telegraph. ISSN   0307-1235 . Retrieved 29 June 2020.
  7. ↑ Armstrong, Ashley (12 October 2019). "The Irish rugby fan chosen to pick up the ball at Tesco and run with it". The Times . ISSN   0140-0460 . Retrieved 7 October 2020.
  8. ↑ Wood, Zoe; Makortoff, Kalyeena (2 October 2019). "Boots 'lifer' to replace Dave Lewis at helm of Tesco". The Guardian. ISSN   0261-3077 . Retrieved 29 June 2020.
  9. ↑ Pratley, Nils. "New Tesco boss isn't the obvious choice for chief executive". The Guardian. Retrieved 3 October 2019.
  10. ↑ Jahshan, Elias (2 October 2020). "Ken Murphy starts as Tesco's new CEO, replacing Dave Lewis". Retail Gazette. Retrieved 4 October 2020.
  11. ↑ Jordan, Dearbail (14 May 2024). "Tesco boss's pay more than doubles to £10m". BBC News. Retrieved 7 June 2024.
Business positions
Preceded by CEO of Tesco
2020–present		Incumbent


Nuvola apps kchart.svg

This United Kingdom business-related biographical article is a stub. You can help Wikipedia by expanding it.

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.