David Reid (businessman)
Encyclopedia
David Edward Reid is a Scottish
-born British
businessman
and chartered accountant
. He is currently the Chairman of Tesco
, Britain
's largest supermarket
chain.
and Aberdeen University, David Reid qualified as a Chartered Accountant
with Peat Marwick Mitchell
in 1970.
He was appointed Chief Accountant for Philips Video
and then for International Stores
before becoming Finance Director of Tesco
in 1985. He became Deputy Chairman of Tesco
in 1993 and then Chairman in 2004.
He is also a Non-Executive Director of Reed Elsevier
and Chairman of Kwik-Fit
Group. He was previously a Non-Executive Director of Legal & General
, Westbury
and De Vere Group.
He is also a Director of the Tesco Charity Trust which spends circa £5m per annum on good causes. He is also Chairman of Whizz-Kidz
, a significant charity which seeks to help disabled children.
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
-born British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
businessman
Businessperson
A businessperson is someone involved in a particular undertaking of activities for the purpose of generating revenue from a combination of human, financial, or physical capital. An entrepreneur is an example of a business person...
and chartered accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
. He is currently the Chairman of Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...
, Britain
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
's largest supermarket
Supermarket
A supermarket, a form of grocery store, is a self-service store offering a wide variety of food and household merchandise, organized into departments...
chain.
Biography
Educated at Fettes CollegeFettes College
Fettes College is an independent school for boarding and day pupils in Edinburgh, Scotland with over two thirds of its pupils in residence on campus...
and Aberdeen University, David Reid qualified as a Chartered Accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
with Peat Marwick Mitchell
KPMG
KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....
in 1970.
He was appointed Chief Accountant for Philips Video
Philips
Koninklijke Philips Electronics N.V. , more commonly known as Philips, is a multinational Dutch electronics company....
and then for International Stores
International Tea Co. Stores
International Tea Co. Stores was a leading chain of grocers based in London. It was a constituent of the FT30 index of leading companies listed on the London Stock Exchange.-History:...
before becoming Finance Director of Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...
in 1985. He became Deputy Chairman of Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...
in 1993 and then Chairman in 2004.
He is also a Non-Executive Director of Reed Elsevier
Reed Elsevier
Reed Elsevier is a publisher and information provider operating in the science, medical, legal, risk and business sectors. It is listed on several of the world's major stock exchanges. It is a FTSE 100 and FT500 Global company...
and Chairman of Kwik-Fit
Kwik-Fit
Kwik-Fit is a British car servicing and repair company, specialising in tyres, brakes, exhausts, MOT testing, car servicing, air-conditioning recharge, oil changes and windscreen repair. They are the leading fast-fit supplier of tyres in the UK with over 600 Kwik-Fit centres.-History:Sir Tom Farmer...
Group. He was previously a Non-Executive Director of Legal & General
Legal & General
Legal & General Group Plc , commonly known as Legal & General, is a multinational financial services company headquartered in London, United Kingdom. Its products include life insurance, general insurance, pensions and investments. It has operations in the United Kingdom, Egypt, France, Germany,...
, Westbury
Westbury (housebuilder)
Westbury plc was a British housebuilding company based in Cheltenham, Gloucestershire. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index but was acquired by Persimmon plc in 2005.-History:...
and De Vere Group.
He is also a Director of the Tesco Charity Trust which spends circa £5m per annum on good causes. He is also Chairman of Whizz-Kidz
Whizz-Kidz
Whizz-Kidz is a UK-based charity, formed in 1990, whose aim is to provide customised wheelchairs, tricycles, and other specialised mobility equipment, to disabled children....
, a significant charity which seeks to help disabled children.