Terry Leahy - Europe's Most Admired Leader
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Case Details:
Case Code : LDEN036
Case Length : 20 Pages
Period : 1995-2005
Pub Date : 2005
Teaching Note :Not Available
Organization : Tesco
Retail ing
Countries : UK
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"Mr. Leahy stands out from other great CEOs in Europe
because he has taken a business that was stalling and made it consistently
outperform the entire sector. He's done that while never being a celebrity. He's
always kept his feet on the ground."1
- George Cox, Former CEO and Chairman,
Unisys Corporation (UK).
"The first thing you notice is that Terry has a completely
different character to anyone else you know. That tells you that people who are
successful don't have the same makeup as everybody else. In Terry's case, his
approach is low key. He is sharp and very focused: he is very close to his
people and he doesn't spread himself too thin. Above all else he's a very good
leader."2
- Allen Leighton, Chairman of the Royal Mail Group.
Getting Awards and Recognition
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The Wall Street Journal (WSJ) Europe and CNBC Europe chose Terry Leahy (Leahy),
Group Chief Executive of Tesco, the largest retailing company in the UK, for the
"European Business Leader of the Year 2005" award. Appreciating Leahy's
leadership, the WSJ wrote, "Terry Leahy was chosen as the best corporate leader
in Europe in large part because of his quiet stature in retail.
He's the epitome of the long-term sector leader who is garnering the most
respect and credibility. Tesco's success in 2004 particularly impressed Leahy's
peers because of a demanding UK retail sector."3
Leahy was also chosen as "European Businessman of the Year" by Fortune
Magazine for the year 2003.
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According to Fortune, "His stewardship of Tesco, through an economic boom and
bust and in a hypercompetitive business, makes him Fortune's choice as
Europe's Businessman of the Year for 2003."4
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In the same year, Computer Sciences Corporation (CSC)5
presented Leahy with the 'CSC Business Leader of the Year award.'
Appreciating Leahy's leadership, Guy Harris, President of CSC, commented,
"Sir Terry Leahy is without doubt an outstanding business leader and
demonstrates this consistently through his determination and drive to grow
the Tesco business to make it the UK's biggest and most profitable retailer.
His forward thinking approach of giving customers access to the latest in
retail innovation, through its very successful Internet shopping and banking
businesses for example, has enabled him to build a business that is at the
forefront of the global retailing industry and a great British success
story."6 |
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