Morrisons finance boss Gleeson departs following takeover

Michael Gleeson

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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