Last updated 09/09/2010
As a continuation of the Board's ongoing succession strategy, Paul Manduca will retire from the Board on the announcement of the full year results for the current financial year scheduled for 10 March 2011.
Sir Ian Gibson, non-executive chairman of Wm Morrison Supermarkets Plc, commenting on Mr. Manduca stepping down from the Board, said:
“The Board is deeply indebted to Paul for the enormous contribution he has made over the past five years to the stabilisation and consequent success of the group. He is a dedicated and diligent non-executive director who has, during his tenure, chaired both the Audit and Remuneration Committees, led the process for selection of chairman, and played a significant role in recruiting our CEO. His clear understanding of the dynamics of both the industry and capital markets and leadership of major Board Committees have been of great value to Morrisons and have played a significant part in the establishment of Morrisons as the successful company we see today.”