A prime govt at Morrisons is in talks to go away, days after it emerged that the Bradford-based grocer had been displaced as Britain’s fourth-biggest grocery store chain.
Sky News has learnt that Trevor Strain, Morrisons’ chief working officer and beforehand its finance chief, is near finalising his departure.
Mr Strain, who has often been touted as a possible successor to the group’s chief govt, David Potts, has not but formally resigned however is predicted to take action shortly.
He is alleged to have been approached about govt roles at a number of listed and privately owned firms in latest months.
A former Tesco govt, Mr Strain has labored for Morrisons since 2009, and was promoted to his present position in October 2019.
The timing of his potential resignation underlines the persevering with upheaval at Morrisons, which delisted from the London Stock Exchange final autumn after being acquired by the non-public fairness agency Clayton Dubilier & Rice in a deal price about £7bn.
The takeover ended its 54-year run as a publicly traded firm.
Last week, trade information confirmed that Morrisons had been usurped by Aldi, the German-owned discounter, because the UK’s fourth-biggest grocer – a milestone in a sector which hardly ever demonstrates change within the membership of its prime ranks.
Morrisons struck a deal earlier this yr to rescue the comfort chain McColl’s, the market share of which isn’t included within the information printed final week.
An insider stated that Morrisons was investing vital sums within the McColl’s enterprise and that the inclusion of the latter’s operations would doubtless imply Morrisons retaining fourth place within the trade league desk.
The grocery store chain is now chaired by Sir Terry Leahy, the veteran former Tesco chief govt.
A Morrisons spokesman declined to remark.
Source: information.sky.com”