Dalton Philips takes up the reins at the helm of Morrisons today.
The 41-year-old was appointed chief executive officer in January.
He replaces Marc Bolland, who is set to join Marks & Spencer’s as CEO in May.
The appointment of Philips –a relative unknown who joins from Canadian retailer Loblaw – initially shocked the City but has since been welcomed by analysts.
He will be hoping to build on the record results posted by Morrisons earlier this month, with turnover up 6% to £15.4bn and pre-tax profits up from £655m to £858m for the year to 31 January.
Marc who? Morrisons exults in record profits (13 March 2010)
May Day debut for new M&S boss Bolland (1 February 2010)
Editor's Comment: When Sir Terry goes, contrast the succession planning with Morrisons (30 January 2010)
City heaps praise on Morrisons’ choice of new chief executive (30 January 2010)