Ken Murphy (businessman)

Last updated

Ken Murphy
Born1966or1967(age 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]

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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


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