Morrisons appoints new CEO

David Potts started his career with Tesco at 16
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Morrisons has appointed ex-Tesco man David Potts as its new chief executive officer.

Potts will take over from Dalton Philips as CEO, who resigned in January amid poor sales results.

Potts started his career at Tesco at the age of 16 before becoming the supermarket’s UK retail director and CEO of its Irish business arm and, latterly, its Asian counterpart.

Potts said it was an honour to have been selected for this “great British business with real potential”.

Andrew Higginson, chairman of Morrisons, said:  “I am delighted to welcome David as our new CEO. 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.”

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