On 18th November, Morrisons announced the resignation of its Chief Executive, Marc Bolland.
Trading arrangements for Christmas are progressing smoothly and the senior management is now focusing on plans and operations for the new year. It was therefore agreed at a scheduled board meeting yesterday that it would be appropriate for Marc Bolland to relinquish his operational responsibilities with effect from today.
The executive directors will continue to run the Group in the ordinary course of business and the executive board will now be chaired by Sir Ian Gibson, the Group’s non-executive Chairman.
Sir Ian Gibson said: "Morrisons has a strong and capable senior management team which will continue to operate the business. We are well placed for a successful Christmas period and a strong end to our current financial year.”