Sir Ian Gibson, the former boss of Nissan Europe and former deputy chairman of Asda, is reportedly the leading contender to replace Sir Ken Morrison as chairman of Morrisons.

Other names on the shortlist for the role include Sir David Arculus, former chairman of O2, and Sir Michael Hodgkinson, former chief executive of BAA, according to reports in the Guardian.

Morrisons is currently looking for a deputy chairman, who will move into the role of chairman next year.