February: Morrisons’ boss ‘has moved mountains’ in a year
By James Ridler
- Last updated on
Morrisons’ boss David Potts “has moved mountains” in the first year he served as ceo of the Bradford-based retailer, said City analyst Shore Capital in February.
Analysts Clive Black and Darren Shirley praised Potts’s changes to the group executive team, the new culture he injected into the business, leading to the construction of a platform to build a £16bn revenue retail business.
“The journey has begun: David Potts has moved mountains in just one year,” they said. And that journey, backed by the new board, executive and non-executive directors, had started in the right direction.
Despite disappointing shareholders in recent years, Morrisons was likely to become “progressively shareholder friendly”, said Black and Shirley. The retailer’s management firmly understands that disappointment and the need for “sustainable improvement”, they added.