Morrisons is set to hold a crucial board meeting today to decide the fate of the groups financial director, Martin Ackroyd, who is being blamed for a series of profit warnings.
Chairman Sir Ken Morrison is reported to be under pressure from the company’s two non-executive directors to remove Ackroyd as part of a management shake-up.
In the meantime, the supermarket group is also expected to announce it is close to strengthening its board with the appointment of a third non-executive director.
The retailer recently gave a second profit warning in nine-months, putting pressure on the company from investors.
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