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Tesco Bank’s chief executive announces he is to step down next year

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Here’s what he achieved

The chief executive, Benny Higgins of Tesco Bank has announced he is to step down in February 2018, after 10-years of being in the role.

Higgins built the workforce from just 200 to 4,000 staff increased lending by £6.1bn and customer deposits has increased by £5.2bn and now has 6m customers.

Higgins said: “As Tesco Bank celebrates its 20-year anniversary, I want to take time to recognise the achievements of colleagues in serving our 6m customers.

“I am very proud of what we have achieved together and it has been a privilege to work in Tesco Bank and across Tesco for what will have been 10 years.”

Dave Lewis, the chief executive for Tesco said Tuesday: “Benny has steered Tesco Bank to the strong position it is in today. The strong growth in customers, deposits and lending is down to his leadership.

“It has been a pleasure having him on the leadership team, and we wish him all the best in his future endeavours.”




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