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![\"Morrisons\"](\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/02\/morrisons-creative-review-SS-1-1-2-696x464.jpg\" "\\"\\"\/")
<\/div>\n\/\/<\/span> The former UK boss of Aldi, Matthew Barnes could replace Morrisons\u2019 David Potts<\/h6>\n\/\/ <\/span>Potts, a former Tesco director, publicly insists he\u2019s there for the duration but his replacement could be \u201cimminent\u201d<\/h6>\nThe former UK chief executive of Aldi, Matthew Barnes is a possible candidate to replace Morrisons\u2019 David Potts.<\/p>\n
Potts, a former Tesco director, publicly insists he\u2019s there for the duration but his replacement could be \u201cimminent\u201d, This is Money<\/em> reported.<\/p>\nHowever, the length of executive contracts means it could take up to a year to install a new boss.<\/p>\n
Since\u00a0being acquired by private equity firm CD&R in 2021, Morrisons has come under pressure because its sales growth\u00a0has lagged behind those of competitors.<\/p>\n
The supermarket, which was the UK\u2019s fourth biggest until it was leapfrogged by Aldi last year, was the only major player except Waitrose to see sales drop in the last three months.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\nJust last week,\u00a0Tesco executive Jason Tarry had been identified as a possible replacement for Potts.<\/p>\n
The US private equity firm that owns Morrisons, Clayton Dubilier & Rice (CD&R), is using headhunter Egon Zehnder to find candidates for a number of senior positions at\u00a0the supermarket.<\/p>\n
That includes finding a replacement for chief operating officer\u00a0Trevor Strain, who left last year after 13 years at the business.<\/p>\n
Sources said a number of candidates have also been singled out as potential chief executives, including some who have already been approached by the headhunters.<\/p>\n<\/p><\/div>\n
The former UK chief executive of Aldi, Matthew Barnes is a possible candidate to replace Morrisons\u2019 David Potts.<\/p>\n
Potts, a former Tesco director, publicly insists he\u2019s there for the duration but his replacement could be \u201cimminent\u201d, This is Money<\/em> reported.<\/p>\n However, the length of executive contracts means it could take up to a year to install a new boss.<\/p>\n Since\u00a0being acquired by private equity firm CD&R in 2021, Morrisons has come under pressure because its sales growth\u00a0has lagged behind those of competitors.<\/p>\n The supermarket, which was the UK\u2019s fourth biggest until it was leapfrogged by Aldi last year, was the only major player except Waitrose to see sales drop in the last three months.<\/p>\n Sign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\n Just last week,\u00a0Tesco executive Jason Tarry had been identified as a possible replacement for Potts.<\/p>\n The US private equity firm that owns Morrisons, Clayton Dubilier & Rice (CD&R), is using headhunter Egon Zehnder to find candidates for a number of senior positions at\u00a0the supermarket.<\/p>\n That includes finding a replacement for chief operating officer\u00a0Trevor Strain, who left last year after 13 years at the business.<\/p>\n Sources said a number of candidates have also been singled out as potential chief executives, including some who have already been approached by the headhunters.<\/p>\n<\/p><\/div>\nSubscribe to Retail Gazette for free<\/strong><\/h5>\n