Morrisons has this afternoon (27 January) named Loblaw COO Dalton Philips as the UK retailer’s new chief executive.
The UK’s fourth-largest grocer has been searching for a successor to Dutchman Marc Bolland, who announced in November he would leave the business to take the top job at rival Marks and Spencer.
Go deeper with GlobalData
Philips, a former executive at Wal-Mart, will take the helm at Morrisons in March and said the retailer was an “incredibly exciting business with a terrific history”.
Morrisons chairman Sir Ian Gibson said he was “delighted” to have secured Philips’ appointment.
“He has a tremendous retail pedigree and a wealth of experience from senior retail positions around the world. I look forward to welcoming him to the great team at Morrisons.”
See Also:
Last week, Morrisons claimed the retailer had “beat” its UK rivals over the key Christmas trading period after posting a 6.5% rise in like-for-like sales.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataUnder Bolland’s stewardship, Morrisons put the problematic integration of Safeway behind the company and, using a marketing campaign focused on fresh food and value, posted months of strong sales and earnings growth.
