Arts and Humanities Commons^™

Managing Organizational Change: Leadership, Tesco, And Leahy's Resignatio, Uzoechi Nwagbara

Dr Uzoechi Nwagbara

The central issues here are the consequences and the impacts of the announcement of the resignation of Sir Terry Leahy, the CEO of Tesco, from the organisation in March 2011. The announcement on the 8 th of June 2010 that Leahy, Tesco’s chief executive officer and one of Britain’s most respected businessmen, would be retiring after transforming the organisation into the world’s third biggest retailer, has generated a groundswell of reactions. The impact of this change, as well as how to manage the change resulting from his resignation is part of the concern of this report. Another concern of this …