Morrison(Wm.)Supermarkets PLC Directorate Change (3599U)
July 29 2015 - 4:00AM
UK Regulatory
TIDMMRW
RNS Number : 3599U
Morrison(Wm.)Supermarkets PLC
29 July 2015
Wm Morrison Supermarkets Plc
29 July 2015
Directorate change
The Board of Wm Morrison Supermarkets PLC ("Morrisons") today
announces the appointment of Belinda Richards as a non-executive
Director, and Chairman of the Audit Committee (designate). Belinda
will take up her new position on 1 September 2015.
Belinda worked in professional services for over twenty five
years, where she operated as a senior adviser in corporate finance
and strategy. She brings extensive experience of challenging and
complex restructurings, mergers and turnarounds. Belinda is
currently the Senior Independent Director of Grainger PLC, where
she also chairs the Audit and Remuneration Committees, and a
Non-Executive Director of Aviva UK Life & Pensions. Belinda
serves on the Advisory Group of Audit Committee Chairmen at the
Financial Reporting Council and is a member of the Governing
Council of the Centre for the Study of Financial Innovation, a not
for profit think-tank focussed on research in Financial
Services.
The Board also announces that after six and a half years on the
Board, Philip Cox has decided to stand down at the end of this
calendar year as a natural part of planned Board succession. He
will continue as Chairman of the Audit Committee through the
Company's interim results, and to ensure a proper handover to
Belinda in the months ahead.
Andrew Higginson, Chairman of Morrisons, said: "Belinda Richards
brings an impressive knowledge of the UK retail sector and has
worked in many turnaround situations. I am pleased to welcome her
to the Morrisons Board. I would also like to thank Phil for his
contribution to the Board over the last six and a half years. We
will announce his successor as Senior Independent Director in due
course."
In relation to the appointment, it is confirmed that there are
no further details to be disclosed under paragraphs 9.6.13(1) to
(6) of the Listing Rules.
Enquiries:
Rebecca Jones - Investor Relations 07581 151837
James French - Media Relations 07854 522925
This information is provided by RNS
The company news service from the London Stock Exchange
END
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