Reports in the UK press suggest that a split has developed in Morrisons’ management between Sir Ken Morrison and the non-executive directors over the appointment of a new chief executive.
According to a report in the Daily Mail, Morrison favours the appointment of a Morrisons old hand. It is rumoured that his favourite candidate is Marie Melnyk, who has worked for Morrisons for more than 30 years.
The non-executive directors, on the other hand, want to bring in an outsider to repair some of the damage from the retail chain’s GBP3bn acquisition of Safeway in 2004.
The fraction, led by deputy chairman David Jones, has reportedly commissioned a shortlist of outside candidates drawn-up by recruitment firm Egon Zehnder.