Terry Leahy: Difference between revisions
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He lives in [[Cuffley]], [[Hertfordshire]],<ref name=BBC-gran>{{cite news|url=http://news.bbc.co.uk/1/hi/england/merseyside/7344045.stm|title=Gran in Tesco boss planning war|publisher=BBC|accessdate=2008-09-01 | date=2008-04-12}}</ref> with his wife, Alison and his three children.<ref name=BBC-profile>{{cite news|url=http://news.bbc.co.uk/1/hi/business/3624645.stm|title=Profile: Tesco chief Sir Terry Leahy|publisher=BBC|accessdate=2008-09-01 | date=2004-04-20 | first=Jorn | last=Madslien}}</ref> |
He lives in [[Cuffley]], [[Hertfordshire]],<ref name=BBC-gran>{{cite news|url=http://news.bbc.co.uk/1/hi/england/merseyside/7344045.stm|title=Gran in Tesco boss planning war|publisher=BBC|accessdate=2008-09-01 | date=2008-04-12}}</ref> with his wife, Alison and his three children.<ref name=BBC-profile>{{cite news|url=http://news.bbc.co.uk/1/hi/business/3624645.stm|title=Profile: Tesco chief Sir Terry Leahy|publisher=BBC|accessdate=2008-09-01 | date=2004-04-20 | first=Jorn | last=Madslien}}</ref> |
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== Early life == |
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Leahy was born and grew up in in a pre-fab maisonette on a council estate in the [[Belle Vale, Liverpool|Belle Vale]] district of [[Liverpool]], the third of four brothers.<ref name=BBC-profile/><ref>{{cite news| url=http://www.guardian.co.uk/business/2011/feb/25/tesco-sir-terry-leahy-retires | location=London | work=The Guardian | first=Zoe | last=Wood | title=How Tesco chief Sir Terry Leahy changed the way Britain shops | date=25 February 2011}}</ref> He attended [[St. Edward's College]]<ref name=Econ-profile/> which was, at the time, a Catholic [[direct grant grammar school]].<ref>{{cite web|url=http://www.st-edwards.co.uk/prospectus/history.html|title=St. Edward's College - History|accessdate=2008-09-01}}</ref> Leahy had worked briefly stacking shelves and washing floors in the [[Wandsworth]] branch of Tesco in school holidays, travelling to London because he could not find work in Liverpool.<ref name=Indo-Mugabe>{{cite news|url=http://www.independent.co.uk/news/people/sir-terry-leahy-the-robert-mugabe-of-retail-bites-back-866499.html|title=Sir Terry Leahy: The 'Robert Mugabe of retail' bites back|publisher=The Independent|accessdate=2008-09-01 | location=London | date=2008-07-13}}</ref> He was the only one of his brothers who didn't leave school at the age of sixteen<ref name=Indo-Mugabe/> and graduated from [[University of Manchester Institute of Science and Technology|UMIST]] with an Upper Second Class honours in Management Sciences in 1977.<ref name=UMan-bio>{{cite web|url=http://www.manchester.ac.uk/undergraduate/ourreputation/distinguishedalumni/terryleahy/|title=Terry Leahy|publisher=University of Manchester|accessdate=2008-09-01}}</ref> |
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== Career == |
== Career == |
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Revision as of 13:40, 25 April 2012
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Sir Terry Leahy | |
|---|---|
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| Born | Terence Patrick Leahy 28 February 1956 |
| Nationality | British |
Sir Terry Leahy (born 28 February 1956)[1] is a former CEO of Tesco,[1] the largest British retailer.
He lives in Cuffley, Hertfordshire,[2] with his wife, Alison and his three children.[3]
Career
Following his then girlfriend to London, he applied to become a product manager for Turkey Foil but was turned down. He applied for a job at Tesco, but lost out to another candidate. After that candidate was quickly reassigned upwards, Leahy returned to Tesco in 1979 as a marketing executive.[1]
Tesco was a resolute market follower of the two leading brands, Marks & Spencer as the then world's most profitable retailer, and Sainsburys as the world's most profitable food retailer. Leahy concluded that Tesco should stop following a strategy of catch-up and start leading through market knowledge, which led to his success in devising and implementing the Tesco Clubcard loyalty program and also successfully monitoring the shopping habits, movements, and political opinions of Clubcard holders.[citation needed]
Leahy was appointed to the board in 1992, and in 1995 Tesco became the UK's biggest retailer. Leahy became chief executive in 1997,[1] on the retirement of mentor Lord MacLaurin who wanted to appoint a successor to lead international expansion and increased market share. Tesco stretched its lead as the UK's largest retailer and also grew internationally: Leahy continued to visit a Tesco store somewhere every week, normally on a Friday.
Following Tesco's announcement of £2 billion in profits in April 2005, Leahy hit back against protests that the company was "too successful".
On 8 June 2010, Tesco announced that Leahy was to retire as chief executive in March 2011.[4].
Honours
Leahy was chosen as Britain's "Business Leader of the Year" in 2003 and the Fortune European Businessman of the Year for 2004.[5] In 2005 he was selected as Britain's most admired business leader by Management Today,[6] and a Guardian Unlimited Politics panel found him to be the most influential non-elected person in Britain in 2007.[7] In 2006, Leahy came 3rd place in the annual Rear of the Year competition.
Leahy was granted the freedom of the city of Liverpool and knighted in 2002.[3] He was Chancellor of UMIST, his alma mater, from 2002 until 1 October 2004, when he became a co-chancellor of the University of Manchester, when UMIST re-joined the main University.[8] He has been honoured with a Doctor of Science from Cranfield University on 7 June 2007. [9]
Everton Football Club
Leahy is an Everton Football Club supporter and is a special advisor to the club.[10] He is also part of a proposed ground move to Kirkby which would have a new ground with a Tesco supermarket, a hotel, a range of high street shops and extensive car parking.[11]
References
- ^ a b c d "Sir Terry Leahy". The Economist. Retrieved 1 September 2008.
- ^ "Gran in Tesco boss planning war". BBC. 12 April 2008. Retrieved 1 September 2008.
- ^ a b Madslien, Jorn (20 April 2004). "Profile: Tesco chief Sir Terry Leahy". BBC. Retrieved 1 September 2008.
- ^ "Tesco chief Sir Terry Leahy to retire". BBC News. BBC. 8 June 2010. Retrieved 8 June 2010.
- ^ Cite error: The named reference
UMan-biowas invoked but never defined (see the help page). - ^ Searjeant, Graham (11 November 2005). "Retail star hit by tall poppy syndrome". London: The Times. Retrieved 1 September 2008.
- ^ "Guardian Unlimited Politics top 50". London: The Guardian. 16 April 2007. Retrieved 1 September 2008.
- ^ "Senior Officers". University of Manchester. Retrieved 1 September 2008.
- ^ "Cranfield honours Tesco boss". Retrieved 13 January 2009.
- ^ "Sir Terry joins blues". Everton F.C. Retrieved 1 September 2008.
- ^ "Blues choose Kirkby site". icLiverpool. Retrieved 1 September 2008.