Hints and tips:
...He added that he had several conversations with Sir Terry Leahy, Morrisons’ chair and senior adviser to CD&R, about succession planning since the buyout in 2021....
...Potts’ team will continue to run the business day to day....
...Leahy was also fulsome in his praise for David Potts, the Morrisons chief executive with whom he previously worked at Tesco, and played down the idea that Potts might leave once the acquisition had bedded...
...All three, along with Morrisons former chair, Andrew Higginson, previously worked at Tesco under Sir Terry Leahy, who is a senior adviser to CD&R and now chairs Morrisons....
...If successful, the CD&R transaction would also reunite Leahy with Morrisons chief executive Dave Potts and chief operating officer Trevor Strain, both of whom worked under him at Tesco....
...Potts, who is 64, is now the longest-serving chief executive among the big four supermarkets, having taken over in 2015....
...CD&R counts Sir Terry Leahy, the former chief executive of Tesco, among its advisers. Andrew Higginson, the current Morrisons chair, worked alongside Leahy at Tesco for many years....
...The assessment panel for the Ofcom position included Melanie Richards, a partner at KPMG, Lord Ian Livingston, the former chief executive of BT, Paul Potts, former chief executive of the Press Association...
...Dave Potts, Morrisons’ chief executive, who is 64, is the longest-serving chief executive among the big four supermarkets, having taken over in 2015....
...Mr Potts was one of the cadre of executives who transformed Tesco under Sir Terry’s leadership from a struggling domestic retailer into a muscular international brand....
...He become chief executive of Tesco’s Asian business in the restructuring of the supermarket’s top management after the departure of Sir Terry Leahy in March 2011....
...Mr Potts and Mr Higginson go back a long way. They were among the cadre of top Tesco executives who transformed the retailer under Sir Terry Leahy, and worked together for 15 years....
...David Potts: David Potts — along with incoming Morrison chairman Andrew Higginson — was one of the cadre of Tesco executives who ran Britain’s biggest retailer under former chief executive Sir Terry Leahy...
...After Philip Clarke took the helm of Tesco in 2011, few of the cadre of senior managers assembled by his predecessor Sir Terry Leahy survived the test of time....
...Tesco, used to winning under long-serving chief executive Sir Terry Leahy, has faced a period of soul-searching, which has sapped its self-belief....
...It also comes at a delicate time for Mr Clarke, who took over from Sir Terry Leahy in 2011 in the biggest management transition at Tesco for 14 years....
...Quindell has at times acquired businesses that were its customers, as well as entities owned by the group’s founder Rob Terry and his associates....
...who worked for Sir Terry....
...“I’m not hearing the intensity in people’s voices now in terms of being driven by fear to buy precious metals,” says Jonathan Potts, managing director at FideliTrade, a large US bullion dealership....
...Andrew Higginson, head of Tesco’s retailing services division that includes Tesco bank, and David Potts, the Tesco veteran running Asia, have both stepped down....
...Meanwhile, David Potts, retail director, was given by Sir Terry the role of head of Asia, a region that Mr Clarke knows well....
...Insiders say Richard Brasher, the commercial director, and David Potts, the retail and logistics director, will be desperately disappointed to have missed out on the top job....
...Richard Brasher, the commercial and marketing director and Mr Holmes’s direct boss, has been made chief executive of the UK, while David Potts, retail and logistics director, is now heading up Asia in another...
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