Morrisons chief financial officer Michael Gleeson is stepping down from the business following its takeover by US private equity firm Clayton, Dubilier & Rice (CD&R).
In a statement on Friday, Gleeson said it was “a good time for me to take on a fresh challenge” after eight years with the retailer.
The announcement comes ahead of a period of refinancing for Morrisons some six months after CD&R beat off strong competition to acquire the business.
Morrisons chief executive David Potts said of Gleeson: “Michael has made a significant contribution to the business over the last eight years. He leaves us with our sincere thanks and with our best wishes for his future endeavours.”
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