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Morrisons hires David Potts as its new CEO

Morrisons has appointed former Tesco director David Potts as its new chief executive.

GENERAL MERCHANDISE

Morrisons hires David Potts as its new CEO

Morrisons has appointed former Tesco director David Potts as its new chief executive.

Potts will succeed Dalton Philips who stepped down earlier this month after five years at the helm.

Due to join Morrisons on 16 March, Potts has more than 40 years' experience in grocery retailing. He began his career with Tesco 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. Since leaving Tesco in 2011, he has acted as a retail expert to several international advisory and private equity businesses.

In a statement, Morrisons said the appointment was the result of selection process both in the UK and overseas.  

Andrew Higginson, chairman of Morrisons, said: "David is the best retailer I have worked with in 25 years in the industry. Having worked alongside him for 15 years, I know he will bring to Morrisons a focus on the customer, a track record of delivery, flair, talent, and immense energy to his new role. He will lead our colleagues in the business from the front, and with distinction.

"David's skills are complementary to those of our excellent CFO, Trevor Strain, and I believe we have the makings of a good team. I would like to thank Trevor for his support over the last few weeks."  

Potts added: "Customers and Morrisons are a great combination to serve. This is a great British business with real potential and it is an honour to have been selected."

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