John Allan, the Tesco chairman, is in talks to sell his stake in a firm which mentors executives at dozens of blue-chip companies, it has emerged
- days after the announcement of his resignation from Britain's biggest retailer amid allegations of inappropriate behaviour towards women.
Mr Allan, who helped to establish the business in 2018, will remain involved with the company, he said in a statement on Monday. Ms Joseph told Sky News that a shareholder agreement created at the time of the company's launch anticipated her acquiring his stake after five years. "When the unproven allegations [which JA continues to vigorously contest] were exposed by The Guardian I sent an email out to all J&A's mentors - with JA's explicit prior knowledge and blessing - articulating that such a stepping back was already in hand and would continue to be executed on.The Guardian reported recently that several women had alleged that Mr Allan had touched them inappropriately - which he strongly denied.
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