Morrisons kicks off search for new boss following CD&R takeover

Morrisons-Abergavenny-fascia-2018

Morrisons’ owners, private equity firm Clayton, Dubilier & Rice (CD&R) have launched a search for a new boss as current chief executive David Potts stated he would step down in about two years.

CD&R is working with headhunters from Skill Capital to find a replacement, according to The Sunday Times. Skill Capital has reportedly commenced the search towards the end of last year, with the executive recruitment firm already approaching some potential candidates.

Following CD&R’s £7bn takeover of the grocer in October, the firm stated it was committed to Morrison’s existing “strong management team.” 

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