Tesco CEO Lewis to Step Down

The video discusses the unexpected leadership change at Tesco, with Dave Lewis stepping down after five years of successful turnaround efforts. Ken Murphy, an external candidate, is set to take over, surprising many who expected an internal promotion. The transition is planned to be smooth, with Lewis staying until next summer. The market initially reacted negatively but later stabilized as investors processed the news.

Who was surprisingly chosen as the successor to Dave Lewis as CEO of Tesco?

• An internal candidate

• A board member

• Ken Murphy

• A former Tesco executive

What is the main reason Dave Lewis gave for stepping down as CEO of Tesco?

• He wants to retire

• He is taking a break from work

• He is moving to a rival company

• He believes it's time to pass the baton

How long does Dave Lewis plan to stay before officially stepping down?

• Two years

• Six months

• Three months

• One year

What was the initial market reaction to the announcement of Dave Lewis stepping down?

• Investors were indifferent

• The stock price increased

• The stock price remained stable

• The stock price slumped

What clarification helped ease investor concerns about Dave Lewis's departure?

• He is joining a competitor

• He is not moving to a rival company

• He will stay on the board

• He is retiring