Richards checks in to Morrisons audit committee
New non-executive joins as Morrisons attempts to stabilise its performance.
Ailing supermarket chain Morrisons is to get a new audit committee leader in Belinda Richards, to serve under chairman Andrew Higginson. Richards is also audit committee chairman at property company Grainger plc. She joins at a difficult time for Morrisons.
The new chief executive, David Potts, joined in the spring but the scale of his task was outlined in preliminary results published in March. Turnover was down almost 5% to £16.8bn, but pre-tax profits were down 52% to £345m.
Potts has already warned that price deflati
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