UK: MD resigns from Morrisons
Marie Melnyk, Morrisons managing director, announced her resignation from the company yesterday (6 December) citing medical reasons as the cause of her departure.
Melnyk is the third high-ranking executive to leave the UK supermarket this year.
Marie Melnyk said: "I have been privileged to have been with the company and to work within the British food industry for the last 30 years. This is the right decision for me and is at an appropriate time, given the company's improving position under the capable leadership of our new chief executive."
According to reports in the UK press, Melnyk left the company with a payoff of GBP1.4m (US$2.75m), the equivalent of two years' salary, benefits and bonus.
Commenting on her departure, chief executive Marc Bolland, said: "In the short time I have worked with Marie, I have been impressed by both her skills and experience and I am particularly grateful for the time she has spent in supporting my own induction into the business. She leaves with my best wishes for the future."
Bolland will temporarily take on Melnyk's board responsibilities, and the company said an update on succession would be issued in due course.
UK retailer Morrisons has posted its best sales growth since the Safeway takeover, according to the latest grocery market share data released by TNS Worldpanel....
Morrisons, the UK's fourth-largest supermarket retailer, said today (24 May) that underlying first-quarter sales had risen 4%....
CVC Capital and rumoured takeover target Morrisons have maintained a stony silence on reports that the private equity group is preparing to launch a bid for the UK retailer...
Aunt Bessie's has launched a frozen ready-to-bake double chocolate chip muffin in the UK....
UK supermarket group Morrisons has remained quiet on rumours that it could be facing a private equity approach....
The grocery market is expanding at record rates, the latest data from TNS Worldpanel has revealed, with the UK's top three supermarkets increasing their market share....
Morrisons has revamped its corporate logo as part of its attempt to update its image as "the food specialist for everyone"....
Over two thousand workers at the Grampian Country Food Group are poised to take strike action over pay, pensions and parity....
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