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GlaxoSmithKline – good news as it hires ‘Tesco Dave’

By Chris Bailey | Monday 20 December 2021


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Markets might be a bit volatile today but such is life in the investment world. Anyhow, some good news for us current GlaxoSmithKline (GSK) shareholders as the company has ‘announced that Sir Dave Lewis has been appointed as Non-Executive Chair Designate of the new Consumer Healthcare company which will result from the proposed demerger from GSK in 2022…his appointment will take effect from 1st January 2022’. Good news as Dave Lewis was a legend over his time at Tesco (TSCO), a super successful turnaround he exited as CEO last year. It is always smart to exit stage left when the crowd is asking for more, and I am not surprised too he has taken a Chair role rather than a CEO one.

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