Morrisons chairman to step down
Sir Ian Gibson announced his intention to stand down as chairman of Morrisons this month.
Gibson would not be seeking re-election at next year’s annual general meeting for the retailer, Morrisons said.
Gibson said: “This term will take me into my eighth year on Morrisons’ board, and this announcement gives the board time to conduct an orderly search for a new chairman and ensure a smooth transition.”
The retailer’s board would conduct an orderly process to appoint a successor and in the meantime would welcome Gibson’s continuing support as it implemented its strategy, it said.
At the end of April, Roger Owen, a property director at Morrisons for 22 years until 2009, said Gibson should not be putting himself forward for election.
“If he does put himself forward, I hope sincerely that he is going to be voted off the board,” he added.