McIlwee became the focus of investor disquiet in
October after Tesco shocked investors by reporting a collapse in
profits at its central European unit, which he had failed to
The newspaper, citing two people familiar with the situation,
said he had also clashed with Chief Executive Philip Clarke over
some areas of strategy.
Tesco, which is due to report 2013-14 results on April 16,
declined to comment on the report.
McIlwee has been at Tesco for 15 years, the last five as finance
director. Speculation he could depart has been around for
Sources familiar with the situation have previously told Reuters
that some investors were not happy with the way McIlwee
interacted with them, and that his position was under threat.
His departure would leave Clarke, CEO since 2011, as the only
executive director on Tesco's board. Clarke himself raised
eyebrows last month when he said at an industry conference that
his tenure as CEO might only be "for a few years".
(Reporting by James Davey; editing by Mark Trevelyan)
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