Incumbent's absence sparks speculation of board changes
Morrisons chief executive Bob Stott's holiday in Italy at the time of the retailer's latest profit warning - the fourth in 10 months - has fuelled speculation that he is about to be replaced.
Press reports this morning claimed that he could become a casualty of a boardroom coup at the grocer, as shareholders demand sacrificial lambs in an attempt to turn the retailer's fortunes around.
In the frame to replace Stott is Archie Norman, the former Asda chairman who stepped down from his seat in Parliament before the general election. He is also thought to be favoured by Morrisons deputy chairman David Jones as a replacement for Stott.
Morrisons will be holding its annual general meeting on May 26.
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