David Potts 2

Incoming Morrisons CEO, David Potts

Morrisons has named ex-Tesco director David Potts as its new chief executive.

Potts, who started his Tesco career at age 16 and rose to become retail director in the UK and chief executive of its Irish businesses, will take the helm on 16 March.

He takes over from Dalton Philips, who said in January he would leave the troubled supermarket after five years in charge.

Morrisons chairman Andrew Higginson was previously the finance director at Tesco.