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Morrisons names former Tesco man as new boss

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London - Britain's No 4 supermarket Morrisons has named former Tesco executive David Potts as its new chief executive, completing a triumvirate of ex-Tesco men at the top of the firm.

Potts, aged 57, who had been the bookmakers' favourite for the job, is tasked with returning Morrisons to growth after it lagged larger rivals, market leader Tesco, Wal-Mart's Asda and Sainsbury's.

Potts, a former Tesco colleague of Morrisons chairperson Andrew Higginson, will start on March 16. He succeeds Dalton Philips who was ousted in January.

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