Poundstretcher has strategically enhanced its leadership by acquiring top executives from Morrisons, reflecting a decisive move to strengthen operations.
- Miles Foster, with 35 years at Morrisons, joins Poundstretcher as operations director to oversee over 300 stores.
- Tony Fearon and Liz Harris, also from Morrisons, enhance the commercial and retail operations teams, marking significant appointments by the new owner Fortress.
- Connor Black and Kyle Storey are appointed to bolster the trading team, reflecting a strategic emphasis on specific market segments.
- The appointments are part of a broader growth strategy led by CEO Andy Atkinson, emphasizing leadership and customer focus.
Poundstretcher has decisively moved to enhance its leadership by recruiting key executives from Morrisons following its acquisition by private equity firm Fortress. The effort is led by their recently appointed CEO, Andy Atkinson, who previously held the position of commercial director at Morrisons. This strategic acquisition of talent reflects Poundstretcher’s ambition to strengthen its operational performance.
Miles Foster, a veteran with 35 years at Morrisons, has joined Poundstretcher as the operations director. Foster’s extensive experience in managing large-scale operations will be vital as he takes charge of overseeing more than 300 Poundstretcher stores. He will report directly to CEO Andy Atkinson, aligning the leadership structure closely with new growth objectives.
Additionally, Tony Fearon has been appointed as the group commercial director, bringing his expertise from his tenure at Morrisons. Liz Harris will head the retail operations team, leveraging her nearly two decades of experience at Morrisons. These appointments signify Poundstretcher’s strategic thrust in building a robust leadership team under the guidance of Fortress.
Enhancing the commercial arm, the trading team welcomes Connor Black, a former executive from Morrisons, who will lead the trading for pets, alongside ex-Poundland executive Kyle Storey, who will spearhead FMCG trading. These roles emphasize Poundstretcher’s commitment to diversifying and strengthening its market presence in targeted segments.
CEO Andy Atkinson has articulated a clear vision for this overhaul, stating: ‘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.’ This reflects the company’s strong focus on leadership excellence and customer-centric values as it embarks on an ambitious growth trajectory.
Poundstretcher’s strategic recruitment from Morrisons marks a vital step in enhancing its leadership to support ongoing growth initiatives.
