MARKET TALK: Tesco's Risk Of Losing More Top Mgmt 'Very Low'

8th Jun 2010 12:20

1120 GMT [Dow Jones] The risk that any of Tesco's (TSCO.LN) top team will leave the company in the near term is very low, says Deutsche Bank. It doesn't think there is significant disquiet on the Tesco board amongst those not given the CEO job. Amongst those thought to have been front-runners for the CEO role, Deutsche says Andrew Higginson seems to be enjoying his new role as CEO of services, Tim Mason has been given the deputy CEO role and still has a lot on his plate with the US, and Richard Brasher has been given the UK CEO role, which is a "massive and high-profile job." Buy rating, 480p target. Shares -3.3% at 394p.([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 08, 2010 07:20 ET (11:20 GMT)

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