PRINCESS Kate and Prince William have announced a major new appointment in a major shake-up to their team.
Former Tesco boss Sir David Lewis has been appointed director of the Prince and Princess of Wales’ Royal Foundation.
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The foundation covers all of the couple’s campaign work – including William’s Earthshot award and Kate’s focus on early years education.
Sir David, 59, worked at Unilever for 27 years – launching the now iconic Dove brand from scratch.
The Yorkshire man earned the nickname “Drastic Dave” for his relentless cost-cutting approach.
In 2014, Sir David stepped down to become CEO of Tesco after it made a loss of £6.4 billion.
Drastic Dave has cut thousands of jobs as well as board benefits such as private jets in a bid to fend off competition from Aldi and Lidl.
Two years later, Tesco reported colossal annual profits of £162 million.
Sir David left Tesco in 2020 to “spend proper time with my family” at his home in Surrey.
But he quickly joined a renewable energy start-up and also took on roles at Morrisons, Pepsi and the World Wildlife Fund.
In 2021, he was knighted for services to business – catching the attention of the royal family.
A royal source told Correspondence Sir David’s appointment is “genius” and will lay “solid foundations” for William and Kate’s work.
But the couple have reportedly shelved plans to appoint a new CEO to run their royal household.
They announced the search for a new executive last September, amid reports that William wanted “revolutionary” change.
Prince William’s £1bn Duchy of Cornwall property portfolio
AFTER the death of Queen Elizabeth II, the royal family underwent a major change as the line of succession changed.
Along with senior members taking on new titles, the royals’ £1 billion property portfolio also changed hands, from Charles to William.
The inheritance made the new Prince of Wales the largest private land owner in Britain – owning land in 20 counties in England and Wales.
Much of the estate comprises agricultural land, but also includes houses and commercial properties, forests, rivers, coastline and around a third of Dartmoor national park, which was once used for mining minerals such as tin and copper.
According to royal rules and regulations, the eldest son of the reigning British monarch inherits possession of the dukedom and the title ‘Duke of Cornwall’ at birth or when his father succeeds to the throne.
However, they should not sell assets for personal benefit.
Income from his estate is used to fund the public, private and charitable activities of the Duke and his immediate family.
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