Tesco's chairman of eight years will step down at the company's shareholder meeting next month. The supermarket said it made "no findings of wrongdoing" against John Allan, whose tenure was coming to an end anyway.
But it said allegations over his personal conduct "risk becoming a distraction". On Friday, Mr Allan said the claims against him were "utterly baseless", although he had previously apologised for one allegation that he had commented on a woman's figure.
Last week, The Guardian said it had been approached by four women claiming Mr Allan's behaviour had been inappropriate or unprofessional. The newspaper said that Mr Allan allegedly touched a senior staff member's backside at last year's shareholder meeting.