Poundstretcher has made significant moves to enhance its commercial and store operations by recruiting key executives from Morrisons, following its acquisition by private equity firm Fortress.
Miles Foster, with a 35-year tenure at Morrisons as Operations Director, joins Poundstretcher in the same role, directly reporting to Andy Atkinson, the newly appointed CEO and former Morrisons Commercial Director. Foster will oversee over 300 stores and spearhead the retailer’s ambitious growth plans.
Joining him are Tony Fearon as Group Commercial Director and Liz Harris, who will lead the retail operations team. Fearon strengthens his team with former Morrisons buying executive, Connor Black, now Head of Trading for Pets, and Kyle Storey, previously with Poundland, as the Head of Trading for FMCG.
Harris’ team benefits from the expertise of Annette Beecham, a former regional manager at Home Bargains and B&M, alongside Mandy Fitzpatrick from Poundland, who will manage loss prevention. These strategic appointments underline Poundstretcher’s commitment to strengthening its leadership and operational capacity.
CEO Andy Atkinson expressed excitement about the future, highlighting the calibre and shared values of Poundstretcher’s new leadership team. As the company embarks on this pivotal journey, these developments mark an exciting phase for the discounter.
