Morrisons begins search for next chief executive
The Morrisons supermarket chain has embarked on a search for a new chief executive after David Potts said he would step down from the role in around two years.
According to The Times, the company’s new owner, private equity firm Clayton Dubilier & Rice, has begun work on seeking his replacement and has joined forces with recruitment specialist Skill Capital in the search. Skill Capital is understood to have already approached some potential candidates.
Potts joined Morrisons in 2015 when he succeeded Dalton Philips. He began his career with Tesco as a 16-year old in 1973 and rose to become retail director in the UK, chief executive of its Irish businesses, and finally chief executive of its Asian business. After leaving Tesco in 2011, he acted as a retail expert to several international advisory and private equity businesses.
