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Two more Tesco senior execs Jonathan Lloyd and Ken Hann head for the door

The turmoil continues at Tesco as two more senior executives are expected to stand down later this year.

Company secretary Jonathan Lloyd will leave the retailer next March after serving his notice period while audit committee chairman and non-executive director Ken Hanna is also expected to stand down when his six-year tenure comes to an end later this year, the Financial Times has reported.

The departures are not thought to be linked to the discovery of the £250m hole in profits but there are concerns that the exit of more senior figures will add to the perception of trouble at the top of the British supermarket chain.

Tesco suspended a fifth senior executive, commercial director Kevin Grace, last week, and appointed Compass Group chief executive Richard Cousins and former Ikea president Mikael Ohlsson to its board of non-executive, in a bid rebuild trust in the brand.

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