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Morrison’s FD quits

 

Martin Ackroyd has decided to step down from the as finance director of supermarket chain Morrison's.  He has agreed to continue to oversee the finance function until his successor joins the company.

 

The company, the UK's fourth largest supermarket group, has been attempting to shore up investor confidence following a profits warning last week.

 

Announcing full-year results, Morrison said it made £321.1 million operating profit, in line with the revised £320 million to £330 million it projected last week - the figure was £40 million lower than was estimated in January.

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