GROCER WM MORRISON has named Trevor Strain as its new group finance director.
Strain joined Morrisons in 2009 as commercial and operations finance director and was promoted to finance director corporate in June 2011, effectively second in command to outgoing FD Richard Pennycook.
Strain, who was at Tesco before joining Morrisons, will be appointed to the main board in June 2013 after Pennycook, who announced his departure earlier this year, steps down to pursue a portfolio career.
In the meantime, there will be a managed handover of Richard Pennycook’s responsibilities to Trevor Strain, including finance, audit, and IT, the company said.
Sir Ian Gibson, chairman of Morrisons, said: “I am delighted that Trevor Strain will be Morrisons’ new group finance director. He has a strong track record of financial leadership and his comprehensive understanding of our business will ensure continuity.”
Morrisons shares dipped 1.9p to 264.9p in morning trading on the London Stock Exchange.
For more share price information, visit the Share Price Centre.
BHS auditor PwC questioned over why it described the embattled retailer as a 'going concern' days before it was sold for £1
KPMG raised concerns over Retail Acquisition's ability to continue to trade and fund both BHS
Grant Thornton adds another partner to its ranks, appointing a 20-year veteran to its Actuarial and Risk team
Queen's Speech legislation aims to crackdown on financial crime and protect those who have money in some auto enrolment schemes