Morrisons has hired retail heavyweight and former Tesco finance director Andrew Higginson as its new chairman.
Accoriding to Retail Wek, Higginson will replace Sir Ian Gibson in the role next year after he starts at the struggling grocer in October as deputy chairman.
Gibson said: “Andy Higginson has a tremendous reputation and a distinguished career at the forefront of retailing in the UK and I am sure he will be a huge asset to Morrisons.
“I am very pleased to welcome him to the board as deputy chairman and look forward to working with him to ensure a smooth transition to the chairman role.”
Higginson added: “While there are undoubted challenges in the industry at the moment, this is a fine business and I am looking forward to working with the great team at Morrisons.”