Morrison Names Rentokil Finance Head Jeremy Townsend To Board

(Alliance News) - Supermarket chain WM Morrison Supermarkets PLC on Monday announced the ...

Alliance News 6 July, 2020 | 9:46AM
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(Alliance News) - Supermarket chain WM Morrison Supermarkets PLC on Monday announced the appointment of Jeremy Townsend as a non-executive director, effective immediately.

This comes after the resignation of independent non-executive director and chair of the audit committee Belinda Richards.

Richards will leave the board after the release of the Bradford-based company's interim results on September 10.

Townsend will also be appointed to the grocer's audit, corporate compliance & responsibility, nomination, and remuneration committees. He will take the reigns of chair of the audit committee from September 10, when Richards steps down.

Morrison Chair Andrew Higginson said: "I would like to thank Belinda for her significant contribution to the board over the last five years, and to wish her well in her new role.

"I am delighted to welcome Jeremy to Morrisons. He brings extensive financial and industry experience and is ideally suited to chair the company's audit committee."

Townsend is currently chief financial officer of pest control company Rentokil Initial PLC, a role from which he is due to retire later in 2020.

Shares in Morrisons were up 0.7% at 186.65 pence on Monday morning in London.

By Greg Roxburgh;

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rentokil Initial PLC 534.40 GBX -0.60 -
Morrison (Wm) Supermarkets PLC 191.20 GBX -0.68

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