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.
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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.
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By GlobalData
The fraction, led by deputy chairman David Jones, has reportedly commissioned a shortlist of outside candidates drawn-up by recruitment firm Egon Zehnder.
