AUS: Metcash names Morrice CEO

By Katy Askew | 27 February 2013

Metcash names CEO

Metcash names CEO

Australian wholesaler Metcash has indicated that Ian Morrice will take the reigns as CEO, replacing Andrew Reitzer who plans to retire at the end of June.

Morrice, who is currently a Metcash director, has previously served as CEO of New Zealand's Warehouse Group as well as holding management positions at UK retailers such as Kingfisher Group and Dixsons.

"Ian knows what it's like to work in a fiercely competitive environment. He was schooled in the tough UK retail sector... and has an intimate working knowledge of the Australian market," Metcash chairman Peter Barnes commented.

Morrice suggested that his priority as CEO would be the "continued support" of independent retailers in Australia.

Show the press release


The Board of Metcash Limited today announced the appointment of Ian Morrice as Chief Executive Officer, effective 30 June 2013. Mr Morrice will replace Andrew Reitzer who announced in September 2012 his intention to retire on 30 June.
Mr Morrice, 52, has more than 30 years of retail experience, including as managing director and senior executive for some of the United Kingdom's leading retailers. He was Group CEO and Managing Director of New Zealand's Warehouse Group from 2004 until 2011. Mr Morrice has been a Director of Metcash since June 2012.
Metcash Chairman Peter Barnes said Mr Morrice's strategic and retail expertise were key attributes the Board was looking for in Metcash's new leader.
"We are very fortunate to have had a depth of senior talent within Metcash, including on the Board, from which to choose a successor to Andrew Reitzer," Mr Barnes said. "Ian inherits a company that is vastly stronger than when Andrew became CEO in 1998. Metcash has become a champion of independent retailers and has gone from an underlying loss of $3.1m in 1998 to an underlying profit of $262.5m in 2012. It is a great platform for Ian to build on.
"Ian knows what it's like to work in a fiercely competitive environment. He was schooled in the tough UK retail sector in companies such as Dixons and The Kingfisher Group, and has an intimate working knowledge of the Australian market."
Mr Morrice said a priority would be to continue to support and grow Metcash's independent retailer businesses in all the industries in which they operated. "I am very excited to have the opportunity to lead such a dynamic company, which supports and promotes so many independent retailers across Australia," Mr Morrice said.
"Metcash has a strong and committed team who really understand our business and those of our independent retail customers. We will work hard to drive both network and volume growth at our customers to ensure our partnership is even more compelling."
Mr Reitzer said he was delighted to be leaving the company in good hands, and was proud that he would depart with Metcash in significantly better shape than when he became CEO.
"Metcash has only become stronger in recent years and I am confident I am handing a company in terrific shape to Ian and the rest of the Metcash team. I am very proud of what we have achieved together since 1998."
Mr Reitzer will step down as CEO on 30 June 2013 and will cease employment on 30 September 2013. As previously announced he will be retained as a consultant to the Board for three years.


Original source: Metcash

Sectors: Retail

Companies: Metcash

There are currently no comments on this article

Be the first to comment on this article

Related research

Food Retail in Australia

Food Retail in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key fin...

IGA Inc (Independent Grocers Alliance) in Retailing (Australia)

IGA is a major supermarket chain owned by Metcash Trading Ltd Australasia. The company plans to focus on two critical areas, which are having a strong in-store brand programme and improvement of channel clarity. In-store initiatives like “locked down...

Related articles

Editor's choice: the highlights on just-food last week

General Mills unveiled plans for a raft of new products last week as it seeks to improve sales across its business, particularly in the Yoplait owner's yoghurt division. There was a major piece of consolidation in the French dairy sector this week, with dairy co-ops Sodiaal and 3A to merge. We discussed FrieslandCampina's sustainability strategy with its CSR director, while we also interviewed the CEO of The Bart Ingredients Company about his moves to revitalise the UK firm.

Quote, unquote: just-food's week in words

The British Retail Consortium's annual symposium brought together the great and the good of the UK retail scene. On the other side of the globe, retail was also a focus as debate over the relationship between Australian suppliers and the country's powerful supermarkets continued. Food safety was back in the spotlight in China - a market that US spice maker McCormick is "bullish" on. Here is just-food's week in words.

On the money: Metcash looks to "champion" brands, independent retail

Australian wholesaler Metcash will champion branded suppliers and "sustainable" independent retail businesses as the country's largest retailers drive down prices through a focus on own label.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page