In a strategic move to bolster its commercial and store operations, Poundstretcher has recruited former Morrisons executives following its acquisition by the private equity firm Fortress.
Poundstretcher recently appointed Miles Foster as its new operations director. Foster, who has dedicated 35 years to Morrisons, will oversee Poundstretcher’s 300 stores, reporting directly to CEO Andy Atkinson. Atkinson, who joined Poundstretcher in April, was the former commercial director at Morrisons, highlighting a trend of bringing in seasoned professionals from the grocer to strengthen the team.
These new appointments are part of Fortress’s broader strategy to revitalise Poundstretcher’s operations. Alongside Foster, Tony Fearon has taken on the role of group commercial director, bringing with him a wealth of experience from Morrisons. Liz Harris, another long-term Morrisons executive, will lead the retail operations team at Poundstretcher after nearly two decades at her former employer.
The influx of talent from Morrisons does not stop there. Connor Black, previously a buying executive at Morrisons, has been appointed as the head of trading for pets. Meanwhile, Kyle Storey joins as the head of trading for FMCG, having previously worked at Poundland. Annette Beecham, with her experience as a regional manager at Home Bargains and B&M, will support Harris by joining the retail operations team. Mandy Fitzpatrick, previously aligned with Poundland, will oversee the loss prevention team.
According to CEO Atkinson, “As we start this long and important journey, I am delighted that such a talented group of leaders have chosen to take the next step in their careers with us. These people are the best in the industry, and share our values in supporting our colleagues, and putting customers first.” His statement reflects a determined focus on reshaping Poundstretcher’s future direction by bringing in skilled industry veterans.
Poundstretcher’s strategy to enlist experienced professionals from Morrisons signifies its ambitious vision under Fortress’s leadership. This infusion of talent is expected to strengthen its position in the competitive retail market and drive its future growth.
