Morrisons supermarket chain in the United Kingdom is set to lose its chief operating officer after informing the board about his plans to step down. Trevor Strain resigned at a time when the company also lost its position as the fourth largest grocer in the country.
Strain’s departure was revealed by the British supermarket group on Tuesday, Sept. 27. According to Reuters, the outgoing operation chief has been with Morrisons since 2009, and before this, he held an executive job at Tesco.
His exit may have also surprised some people because he was being considered by analysts as a favorite pick to succeed David Potts as Morrisons’ chief executive officer. It was suggested that Strain is leaving the company for other opportunities as he wants a new challenge.
"If I am to take on a new challenge for the next few years then it would be better to make that change at the start of the Morrisons journey in private equity, and not in the middle of it," the departing COO said in a statement.
On his bio page at Morrisons’ website, it was indicated that Trevor Strain was appointed as commercial and operations finance director when he first joined the company more than 13 years ago. In 2011, he took responsibility for the firm’s productivity programs as finance director of corporate.
After two years, in April 2013, he joined the company’s Board as chief financial officer and worked with additional responsibilities, then became the Group Commercial Director in October 2018. It was in December 2019 when Strain assumed the role as COO. The CEO, David Potts, said he is sad to see Strain go, but he understood and respected his wish to leave.
“Trevor has played a pivotal role in the turnaround of Morrisons and his contribution to the business over many years has been very significant. I have worked very closely with him since my first day at Morrisons and his ability to plan and execute complex change and progression at great pace has been invaluable,” The Telegraph & Argus quoted Potts as saying in a statement.
He added, “The central role he played during Morrisons' performance in the pandemic will be an appropriate and enduring legacy. I know I speak for the whole company when I thank him for the huge difference he has made and wish him well for the future.”


Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast
Why Global Web3 Projects Can't Afford to Skip South Korea: TokenPost Unveils Data-Driven Entry Solutions
Wall Street Hits Record High as Tech Stocks Surge Amid U.S.-Iran Developments
Trump Urges Iran to Call for Talks as War Stalemate Disrupts Oil Markets
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases
Brazil Current Account Deficit Widens in March as FDI Misses Expectations
Dollar Weakens Amid Middle East Tensions and Anticipated Central Bank Decisions
Organon Stock Surges After Reports of $13 Billion Buyout Bid by Sun Pharma
PLS Reports Record Lithium Output as EV Demand Fuels Market Growth
U.S. Consumer Sentiment Hits Record Low as Iran Conflict Fuels Inflation Concerns
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance
Toyota Global Vehicle Sales Decline in March Amid RAV4 Transition and Middle East Slowdown
Chip Stocks Rally on AI Optimism as Oil Price Surge Adds Market Tension
Dollar Holds Firm as Middle East Tensions and Central Bank Decisions Keep Markets on Edge
Gold Prices Rise Slightly but Head for Weekly Loss Amid Oil Surge and Inflation Fears
U.S. and EU Strengthen Critical Minerals Partnership to Reduce China Dependence
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 



