Former Tesco chief executive Sir Dave Lewis has been appointed as an operating adviser to Clayton Dubilier & Rice (CD&R) funds.
His new role will include supporting the private equity firm – which bought Morrisons in a £7 billion takeover in 2021 – by identifying and evaluating new investment opportunities, and supporting its portfolio of companies across Europe.
Lewis previously held a variety of roles at consumer goods giant Unilever, including global president for personal care.
From 2014 to 2020 he was Tesco CEO, having led the supermarket giant’s turnaround and completed a £3.7bn merger with UK wholesaler Booker.
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Lewis is currently the chair of consumer health company Haleon and sits on the board of food and snack multinational PepsiCo.
CD&R co-president Dave Novak said: “Dave is an exceptional executive and highly respected leader. His reputation for innovation, value creation and growth is outstanding.
“I believe his knowledge and experience, built up over three decades, will be of great value to CD&R funds as we consider new investments and continue to build stronger, more sustainable businesses across Europe.”
Lewis added: “I believe the depth of CD&R’s operating and investment expertise across the consumer goods, retail, and other sectors in Europe to be incredibly strong.
“I look forward to working with CD&R’s investment and operating teams, as well as the management teams of the firm’s portfolio companies to identify investment opportunities, support strong performance and create durable businesses fit for the future.”
