Morrisons promotes Trevor Strain as group FD

by Richard Crump

More from this author

13 Dec 2012

  • Comments
Morrisons store

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.

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Manager / Senior Accountant - ACA or ACCA Qualified

WavelengthWavelength - Northampton - c£35K - £42K

 
 
 
 
 
 
 
 

 

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.