Tesco said its U.K. Chief Executive Matthew Barnes stepped down from the role to pursue other opportunities. The U.K.'s largest grocer by market share said on Thursday that Barnes will be replaced ...

Matthew Barnes, Tesco's UK boss, said: 'These are difficult decisions affecting our colleagues, but we believe they are necessary to enable us to invest in what matters most to our customers.

Matthew Barnes, Tesco’s UK boss, said, “These are difficult decisions affecting our colleagues, but we believe they are necessary to enable us to invest in what matters most to our customers.