Morrisons has narrowed its search for a new chief executive to replace outgoing CEO Bob Stott down to three men.

Reports suggest that Marc Bolland, chief operating officer of Heineken, David Wild, former Tesco executive and chief executive of Wal-Mart Germany, and Ian Meakins, outgoing chief executive of Alliance Unichem, have been shortlisted for the role.

However, further reports suggest that the retailer will not meet its deadline of naming the successful candidate at its annual general meeting next Thursday.