Tesco said Gerry Murphy has been appointed chairman and will join the board on September 1, replacing Byron Grote who will take up his previous role as senior independent director.
The company under CEO Mauricio Gutierrez is taking action to win over shareholders as it faces pressure from activist investor Elliott Investment Management.
Elliott Investment Management is ratcheting up the pressure on NRG Energy and is now seeking to oust its chief executive, according to people familiar with the matter.