Tesco Chairman John Allan will step down at the group's annual shareholders' meeting next month, with Britain's biggest retailer saying claims of inappropriate behavior against him risked becoming a distraction.
Allan, one of Britain's highest-profile corporate names, has been Tesco's chairman since 2015.
Three of these allegations are vigorously denied by Allan, and for the other Allan unreservedly apologized for the comment he made, Tesco said.
"While we have received no complaints about John's conduct and made no findings of wrongdoing, these allegations risk becoming a distraction to Tesco," Grote said.
He thanked Allan for his "valuable contribution" to Tesco, noting he successfully led the board through its turnaround and the COVID-19 pandemic, whilst helping to rebuild the business.