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Tesco remuneration committee chief steps down

The head of Tesco’s remuneration committee Stuart Chambers has stepped down from his post, in the latest change following the supermarket’s accounting scandal.

Chambers, who took up the position in July 2010 and will remain a member of Tesco’s board and pay committee, has been replaced by non-executive director Deanna Oppenheimer.

Chairman Richard Broadbent is also among those planning to exit the business once the investigation into the £250m profit overstatement is complete.

Last week Drapers reported the troubled business could be forced to pay an additional £300m a year to make up a shortfall in its pension scheme.

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