M&S eyes up Morrisons departing COO for for top-exec role
Morrisons departing chief operating officer Trevor Strain, could be joining rival Marks and Spencer as top executive.
According to Retail Week, Strain, who recently announced his departure from the supermarket giant, could replace M&S’s group chief financial officer and chief strategy officer Eoin Tonge.
Strain is among a number of candidates for Tonge’s position, however no decision has yet been made by M&S.
According to Morrisons, which was replaced by discounter Aldi as the fourth biggest grocer in the UK, Strain alongside chief executive David Potts have been attributed for increasing the grocers profits before its £7 billion sale to private equity group CD&R.
“If I am to take on a new challenge for the next few years then it would be better to make that change at the start of the Morrisons’ journey in private equity, and not in the middle of it,” Strain said.
Strain confirmed his departure from the supermarket giant earlier this week after 10 years, following reported discussions last week.
Strain joined the company in 2009 as commercial and operations finance director, before being appointed as the groups finance director corporate in 2011, where he took responsibility of the company’s productivity programmes.
