Sir Ken Morrison has launched an astonishing attack on former Morrisons chief executive Marc Bolland.
“We worked together for a couple of years but I wasn’t too disappointed when [Bolland] left,” Sir Ken (pictured) told shareholders at the Morrisons AGM yesterday.
"He patently wasn’t a retailer.”
Bolland, a senior executive at brewer Heineken before joining Morrisons, quit the supermarket last year to take up the reins at Marks & Spencer. He was widely credited with turning round Morrisons’ fortunes in the wake of its takeover of Safeway.
But Sir Ken claimed “much of the hard work of assimilating Safeway had been done” by the time Bolland joined. “The people who did it never really got the credit for it,” he said.
Turning to Bolland’s successor at the helm of Morrisons, Dalton Philips, Sir Ken said: “I like the look of him. He’s a family fellow, has settled in York and looks pretty healthy.
“It has been a privilege to show him around [the business].”
Morrisons’ momentum stalls with slow first quarter (6 May 2010)
Bolland begins new era at Marks & Spencer (4 May 2010)
City heaps praise on Morrisons’ choice of new chief executive (30 January 2010)