Board Changes

News Release
Release date: 13 January 2015
Wm Morrison Supermarkets PLC
Board Changes
Chairman
In June 2014, Morrisons announced that Sir Ian Gibson planned to retire as Chairman.
Andrew Higginson was appointed in July as Deputy Chairman and Chairman Elect, to take
over from Sir Ian in 2015. Following a successful handover period, Morrisons today
announces that Sir Ian will retire following the board meeting on the 22nd January and
Andrew will succeed him as Chairman at that time. The Board wishes to express its gratitude
to Sir Ian for his very considerable contribution to the company over the last eight years.
CEO
The Board of Morrisons also announces that it is to start the search for a new Chief
Executive. Dalton Philips has been Chief Executive for five years and has led Morrisons
through a period of significant change, both for the company and the industry. Dalton has
agreed to continue in his role until the year-end results to ensure a smooth transition.
Andrew Higginson said:
“In the next chapter of Morrisons development, we need to return the business to growth.
The Board believes this is best done under new leadership. I would like to thank Dalton for
his contribution as CEO. He has brought great personal qualities and values to his
leadership of the business, having had to manage against a background of considerable
industry turmoil and change. He deserves particular credit for facing into and dealing with the
pricing issues that have now become evident, for taking the business into the convenience
and online channels, and for the steps he has taken to modernise the Company's operating
systems. We wish him well for the future.”
Dalton Philips said:
“Morrisons is a great company with exceptionally talented people and I have been very
proud to have worked with them. Over the last five years, we have made many
improvements to the business and given Morrisons strong foundations for the future. I wish
every success to the company and all of my colleagues, who have, and continue to work so
hard.”
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