Gordon Mowat has been announced as the new Group Property and Strategy Director at Morrisons. He will also join the company’s Management Board.
Over the last two years, Gordon has led the development of Morrisons M local business as Managing Director of Convenience.
He has opened 130 fresh food-focused convenience stores mainly in the South East and North West and overseen the development of the infrastructure necessary for the business to scale.
Dalton Philips, Chief Executive of Morrisons, said: “Gordon and his team have built a convenience business from scratch. He is a proven business operator and knows the property world well. He will be focused on continuing to expand our convenience business; filling in the gaps in our supermarket footprint and optimising the cashflow from our property assets.”
Morrisons announced a financial strategy last year that will involve reducing capital expenditure on new supermarkets; continuing to expand its fast-growing convenience business by up to 100 stores-a-year and realise £1bn from property disposals in the three years to 2016/16 while maintaining an overwhelmingly freehold property portfolio.
Gordon will be responsible for Morrisons’ property portfolio, which includes distribution centres and food production facilities in addition its stores. He will also lead the ongoing business strategy development.
He joined Morrisons in 2011 from McKinsey & Company where he was a partner and a leader of their European Consumer Goods and Retail Practice.
Published 16/09/2014