23rd Mar 2005 07:02
Morrison(Wm.)Supermarkets PLC23 March 2005 23 March 2005 BOARD CHANGES The Board of Wm Morrison Supermarkets Plc is pleased to announce the appointmentof Bob Stott as its Chief Executive. Marie Melnyk will continue in her role asManaging Director with responsibility for the Company's trading and marketing. Martin Ackroyd has decided to step down from the Board as Finance Director andaccordingly will not be seeking re-election at the next Annual General Meetingin May 2005. He has agreed to continue to oversee the finance function untilhis successor joins the company. David Jones will become non executive Deputy Chairman and as the senior nonexecutive director, will initially chair the Nominations, Remuneration and AuditCommittees. In these roles he will be responsible with the Board for ensuringthat good corporate governance is practiced within the company. He will alsowork with the Chairman and Chief Executive to ensure that succession plans arein place for all Board positions and that additional Non Executive Directors areappointed. Duncan Davidson, a Non Executive Director, has found it difficult todevote the increasing time that is required to consider the important issuesfaced by the Board and he, therefore, stands down from the Board with immediateeffect. Sir Kenneth Morrison, Chairman, comments:- "The appointment of Bob Stott and Marie Melnyk to their new roles and theappointment of David Jones as Deputy Chairman are significant steps in thedevelopment of Morrisons. Together with my continuing commitment and theaddition of a new Finance Director and suitable Non Executive Directors, Ibelieve that we will have the right team to deliver the full benefits from theSafeway acquisition to shareholders and customer alike. I would also like to thank Martin for the significant contribution that he hasmade to the company over the past 31 years. His hard work, loyalty andcommitment have been outstanding and I respect his decision to seek a lesspublic life." For further enquiries, please contact: Wm Morrisons Supermarkets PLC 020 7638 9571Sir Kenneth Morrison CBEBob StottGillian Hall Citigate Dewe Rogerson 020 7638 9571Jonathan ClareSimon RigbySarah GestetnerAnthony Kennaway This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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