Morrisons owner private equity firm Clayton Dubilier & Rice (CD&R) has hired former Tesco boss Sir Dave Lewis as an operating adviser as it looks to strengthen its consumer and retail team.
His role includes supporting the supermarket owner by sourcing new investment opportunities and supporting its portfolio of companies across Europe.
Lewis, who is currently chair of GSK’ consumer health spinoff Haleon, has spent the majority of his career at consumer goods giant Unilever.
Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning
However, he was previously the chief executive of Tesco between 2014 to 2020 where he led a successful turnaround of the business following an accounting scandal.
CD&R co-president Dave Novak said: “Dave is an exceptional executive and highly respected leader. His reputation for innovation, value creation and growth is outstanding.
“I believe his knowledge and experience, built up over three decades, will be of great value to CD&R funds as we consider new investments and continue to build stronger, more sustainable businesses across Europe.”
Lewis added: “I believe the depth of CD&R’s operating and investment expertise across the consumer goods, retail, and other sectors in Europe to be incredibly strong.
“I look forward to working with CD&R’s investment and operating teams, as well as the management teams of the firm’s portfolio companies to identify investment opportunities, support strong performance and create durable businesses fit for the future.”
Click here to sign up to Retail Gazette‘s free daily email newsletter
