Ken Murphy (businessman) explained

Ken Murphy
Image Upright:https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2019%2F10%2F02%2Fken-murphy-new-boss-tesco%2F&psig=AOvVaw3C7JYSpzwCBvf_hMd5u26X&ust=1695300996996000&source=images&cd=vfe&opi=89978449&ved=0CA8QjRxqFwoTCICDwr-euYEDFQAAAAAdAAAAABAE
Birth Place:Cork, Ireland
Education:University College Cork
Occupation:Business executive
CEO, Tesco
Term:October 2020–
Predecessor:Dave Lewis
Children:3

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

Early life

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

Career

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

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.

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.[4]

Notes and References

  1. News: Percival . Geoff . Corkman Ken Murphy named next Tesco group CEO . 3 October 2019 . The Irish Examiner . 2 October 2019.
  2. News: Farrell . Steve . Who is Ken Murphy? The new Tesco CEO replacing Dave Lewis . 5 February 2021 . The Grocer . 2 October 2019.
  3. News: Changing of the Guard at Tesco One AMP grad follows another to lead British retailing giant . 16 June 2023 . Harvard Business School . 4 October 2019.
  4. News: Wood . Zoe . Makortoff . Kalyeena . Boots 'lifer' to replace Dave Lewis at helm of Tesco . 3 October 2019 . The Guardian . 2 October 2019.
  5. News: Williams-Grut . Oscar . 'Unknown' new Tesco CEO must battle Brexit, German discounters, and changing tastes . 3 October 2019 . Yahoo Finance . 3 October 2019.
  6. News: Onita. Laura. 2019-10-02. Who is Ken Murphy, the new boss of Tesco?. en-GB. The Daily Telegraph. 2020-06-29. 0307-1235.
  7. News: Armstrong. Ashley. 12 October 2019. The Irish rugby fan chosen to pick up the ball at Tesco and run with it. . en. 2020-10-07. 0140-0460.
  8. News: Wood. Zoe. Makortoff. Kalyeena. 2019-10-02. Boots 'lifer' to replace Dave Lewis at helm of Tesco. en-GB. The Guardian. 2020-06-29. 0261-3077.
  9. News: Pratley . Nils . New Tesco boss isn't the obvious choice for chief executive . 3 October 2019 . The Guardian.
  10. News: Jahshan . Elias . Ken Murphy starts as Tesco's new CEO, replacing Dave Lewis . 4 October 2020 . Retail Gazette . 2 October 2020.
  11. News: Jordan . Dearbail . Tesco boss's pay more than doubles to £10m . 7 June 2024 . BBC News . 14 May 2024.