Morrison Finance Director Ousted in Response to Lower-Than-Expected Profits
BRADFORD, U.K. -- The U.K.'s no. 4 grocer, William Morrison Supermarkets Plc, based here, has removed finance director Martin Ackroyd and named joint managing director Bob Stott its first c.e.o., in the wake of costs connected to the $6.24 billion acquisition of Safeway Plc, which turned out to be higher than management projections.