Clayton Dubilier & Rice is working with the headhunters Egon Zehnder to identify an eventual successor to Morrisons' long-serving CEO, David Potts, Sky News learns.
The owners of Britain’s fourth-biggest supermarket chain are drawing up plans to identify a new chief executive a year after acquiring it in a £7bn deal.' controlling shareholder, the US-based private equity firm Clayton Dubilier & Rice , has retained Egon Zehnder International to strengthen the grocer's executive ranks.
Mr Potts is not expected to leave until at least 2024, and is focused on improving the Bradford-based company's performance after it was recently displaced as Britain's third-biggest supermarket chain by the German discounter Aldi.
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